THE speed at which the proposed transaction involving privately-held Seaview Holdings Sdn Bhd’s of a majority stake in Damanasara Realty Bhd (DRealty) seems to suggest that the deal is all sewn up, leaving only the formalities to take place.
A day after Seaview, a company that counts on some influential personalities from Johor as its shareholders, made the offer to Johor Corp Bhd (JCorp) to acquire a 51% in DRealty, the state investment arm came out with a statement on why it was accepting the deal.
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