KRISASSETS Holdings Bhd has revalued Mid Valley Megamall 18 per cent higher at RM2.36 billion as at December 21 2011, compared the revaluation as at December 30 2009 of RM2 bilion.
It said the market value of The Gardens Mall is RM930 million, which is 13.4 per cent higher from the valuation on September 30 2011, at RM820 million.
The company told Bursa Malaysia that the revaluation was carried out by independent professional valuers, Jordan Lee & Jaafar Sdn Bhd.
Mid Valley is owned by Mid Valley City Sdn Bhd, while The Gardens owned by Mid Valley City Gardens Sdn Bhd, both wholly-owned units of KrisAssets.
By Business Times
Wednesday, February 22, 2012
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