IJM Land: Ends JV with Talam. IJM Land Bhd unit IJM Properties Sdn Bhd has terminated three joint venture agreements for landbank development in Selangor totalling 453acres, two of which were inked with Talam Transform Bhd in 2006 and 2007. (Source: The Edge Daily) oppss..
the only way Talam can go up is thru asset stripping... but who wants the big piece of land in the lousy location... after 10 years... the land value drop!!!
Even IJM need to run away.... I think MPHB need to think 2 times before endure in the corporate exercise....
Be more optimistic. Talam ends JV with IJM Land may be because it has regained its property development license. So Talam does not need the JV any more.
Talam Transform’s most valuable asset is 753ha in Ampang, Sepang, Puchong, Bukit Jalil and Rawang, valued at RM1.16 bil, according to its 2013 annual report
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kt99
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Posted by kt99 > 2014-05-15 18:20 | Report Abuse
memang shiok