BRDB
All 8 names
BRDB Developments, CWK Holdings Sdn Bhd / Bandar Raya Development Bhd (BRDB), Bandar Raya Development (BRDB), BRDB Developments Sdn Bhd, Bandar Raya Developments Berhad, BRDB DEVELOPMENTS SDN BHD (BRDB), Bandar Raya Developments Berhad (BDRB), Bandar Raya Development Sdn BhdHow their buildings read
1 below average, 7 fair, 2 strong
Outcomes still vary building by building. Check the building, not the brochure.
What we found
BRDB, formerly known as Bandar Raya Developments Bhd, made its Main Market debut on Bursa Malaysia in 1968 and was taken private 44 years later in October 2012. It is now fully owned by A Khan Sdn Bhd.
The evidence
3 claims across 2 areasDelivery
Construction of a second office block (OT2) at Capital Square stalled and remained abandoned for about 10 years following the 1997 Asian financial crisis, with development put on hold since 1997.
Corporate continuity
NegativeAn unsolicited September 2011 offer by major shareholder Ambang Sehati Sdn Bhd to buy four BRDB assets, Permas Jusco Mall, CapSquare Retail Centre, Bangsar Shopping Centre and the Menara BRDB office block, for RM914 million drew minority-shareholder criticism of the offer price and of transparency, prompting the board to put the assets to open tender instead, a process that was still unresolved with minimal disclosure roughly eight months later.
One more finding
Bandar Raya Developments Bhd was delisted from Bursa Malaysia on 29 October 2012 following completion of a general offer by Ambang Sehati Sdn Bhd, controlled by BRDB chairman Datuk Mohamed Moiz Jabir Mohamed Ali Moiz, which had secured more than 97 percent of the company's shares when the offer closed on 4 October 2012.
Their buildings
13 projects we cover under this banner
7.8 out of 10FairBangsar Puteri
6.0 out of 10Below averageMenara Bangsar
7.2 out of 10FairContessa
7.9 out of 10FairTivoli Villas
7.9 out of 10FairSri Penaga