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Daiman Development Bhd - 5355(DAIMAN)

Daiman Development Bhd - 5355 (DAIMAN)

Daiman Development Bhd lists under Main Market of Bursa Malaysia. It has been classified in the Properties sector. The stock code uses in Bursa Malaysia is "5355" or identify by stock name of "DAIMAN". More information about Daiman Development Bhd can be found in their website (www.daiman.com.my).

First & Final 12 cents05-12-201107-12-201106-01-2012
Stock quote also available at Bursa Malaysia, The Star.

Daiman Development Berhad was incorporated in Malaysia under the name Daiman Development Sdn. Bhd. On 21 January 1972, It was converted to a public company on 16 March 1990 and assumed the name Daiman Development Berhad.

DDB began its principal business of property development in Johor Bahru in 1972 by undertaking its first project known as Taman Sri Tebrau which covered an area of 170 acres and comprised 1,720 units of residential houses and shophouses.

In 1983, DDB launched its largest project, Taman Johor Jaya which is strategically located about 12 km from Johor Bahru at the junction between the Johor Bahru-Kota Tinggi highway and Johor Bahru-Pasir Gudang highway. The project site which covers 1,388 acres of freehold land involves the total development of 16,289 residential, commercial and industrial units in 8 to 9 phases over a period of up to 15 years.

One of the main features of this development is the Daiman Johor Jaya Sports Complex covering an area of approximately 9.21 acres located in the heart of Taman Johor Jaya. This is the first of its kind and the most comprehensive sports complex ever undertaken by a private developer in Johor Bahru. The Sports Complex which was completed in July 1991 comprises an Olympic size swimming pool, a learner pool and wading pool, a 40-bay Golf Driving Range, 4 squash courts, 21 badminton courts, a multi-purpose indoor stadium, pro shops, restaurants, coffee house, sauna gymnasium and a club house. The Sports Complex is managed by Daiman Johor Jaya Sports Complex Berhad.

In November 1993, DDB acquired the entire equity of Atlantic Dynamics Sdn. Bhd. With an issued and paid-up share capital of RM500,000 for a cash consideration of RM20,000,000. Atlantic Dynamics Sdn. Bhd. primarily owns a 447- acre piece of freehold agricultural land located diagonally opposite Taman Johor Jaya, DDB's flagship development. This land is currently being developed into a housing development called Taman Gaya. As of 2009, about 60% of the land has been developed with 1,517 residential units and 229 commercial units completed with certificate of Fitness for Occupation and handed over to purchases. When fully completed, Taman Gaya will have approximately 2846 residential units and 311 commercial units.

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