Founded to deliver a sustainable legacy, Varia Berhad is a leading investment holding company since our listing on the Main Market of Bursa Malaysia Securities Berhad on 17 November 1998. To date, we have expanded our reach to key areas for nation-building, which include construction, property investment and property development.
The principal activities of Varia and its subsidiaries (“the Group”) can be segregated into construction and property development services.
The affordable housing project in Port Dickson is expected to be completed in June 2022 and has been recording satisfactory sales since the beginning of the year.
As at 30 June 2021, 81% of the 257 units of double-storey terrace houses have been sold.
We have entered into a development rights agreement with Permodelan Negeri Selangor Berhad (‘’PNSB’’) to jointly develop 61.65 acres of PNSB’s land in Kuala Selangor into a mixed development with an estimated GDV of approximately RM248.19 million. The project is currently in the planning stage.
The shareholders of the Company approved the establishment of a Share Issuance Scheme of up to 15% of the total number of issued shares of Stella for eligible employees and directors of the Group (‘’SIS’’).
The SIS is to recognise and reward the contributions of the Group’s employees whose services are valued and considered vital to the operations and continued growth of the Group.