ATRIA DAMANSARA
What we found
Atria Damansara Sdn Bhd received only a partial Certificate of Completion and Compliance for the Atria redevelopment in Damansara Jaya after the Petaling Jaya City Council said it had yet to build and hand over public facilities on adjacent state land required by its planning permission, and the council asked for a RM10 million deposit before a full certificate; the developer said it was still waiting for the council to approve its building plans for those facilities.
The evidence
Corporate continuity
PositiveAtria Damansara Sdn Bhd, the developer of the Atria Shopping Gallery and SOFO suites in Damansara Jaya, is a subsidiary of OSK Properties Holdings Bhd.
One more finding
In 2015 OSK Holdings Berhad completed a merger that brought in its affiliate OSK Property Holdings Berhad, the parent of Atria Damansara Sdn Bhd. Atria Damansara Sdn Bhd remains an OSK Holdings group entity as at 10 March 2025, so the company that signed the S&P agreements still sits inside a Bursa-listed group.