Lagenda Properties out to make a name for itself

LITTLE is known about Lagenda Properties Bhd, but the Perak-based firm is one of the most profitable property developers listed on Bursa Malaysia. With a market capitalisation of RM1.24 billion, it is in the ranks of high-end developers such as Eco World Development Group Bhd and Tropicana Corp Bhd.

According to its group managing director Datuk Jimmy Doh Jee Ming, the transformation of Lagenda - formerly known as DBE Gurney Resources Bhd - was completed in August last year.

Following the emergence of the Doh family as new major shareholders, the poultry business of DBE has been sold back to the Ding family, the previous owners who had gradually exited the company. Today, Lagenda is a pure-play property developer specialising in affordable housing.