MAIN Market-listed property developer Jiankun International Bhd has received a shot in the arm after being named as one of the “Top 10 (Developers) for Market Capital below RM1 bil” at the inaugural Malaysia Developer Awards (MDA) 2022.
Held at the Sunway Resort Hotel on Tuesday (Oct 18), the prestigious event saw 28 trophies handed out for five categories under Special Awards and Top-of-the-Chart Awards.
The Special Awards comprised the Rising Star Award, Transformation Award and International Award while the Top-of-the-Chart Awards are divided into two categories, namely, the Top 10 for Market Capitalisation of RM1bil and above, and the Top 10 for Market Capitalisation below RM1bil.
The award was received by Jiankun chairman Tan Sri Mohamed Apandi Ali and its group’s executive director and CEO Edwin Silvester Das.
The award is a recognition of the group’s track record in the property industry. The award also recognised JKI as a reliable and reputable property developer in Malaysia.
“The award is a recognition of the group’s track record in the property industry as well as our reliability and reputation in the industry,” Das pointed out. “As a niche property developer, we have shown our capabilities to deliver on our property project.”
“I hereby to congratulate everyone in the team who has helped us win this award. With this award, we will continue to push forward our innovation in the property sector and be a leading property player in Malaysia,” he added.
One of Jiankun’s notable project is the proposed re-development of existing Flat PKNS Jalan Tun Razak in Kampong Bharu (Kuala Lumpur) which boasts a gross development value (GDV) of RM1.2 bil.
The proposed re-development project includes re-locating existing residents into a new apartment that we will build with a comprehensive compensation offered.
In so doing, the project will entail the demolition of the Flat PKNS in a responsible manner with plan afoot to build a 52-storey apartment towers built for the existing owners of the Flat PKNS Jalan Tun Razak. In contrast, Tower 1, Tower 2 and Tower 3 are mixed development with residential and retail units.
At the close of today’s trading, Jiankun was down 2.5 sen or 11.11% to 20 sen with 6.98 million shares traded, thus valuing the company at RM64 mil. – Oct 20, 2022
Main pic credit: Free Malaysia Today
