Sunway wins RM267mil land bid in Penang

KUALA LUMPUR: Sunway Bhd through its wholly-owned subsidiary, Sunway City (Penang) Sdn Bhd, won the bid for four parcels of land at RM267.4mil in North East district, Penang, from C. H. Williams Talhar and Wong, the property agent for Luxor Precision Sdn Bhd.

Sunway, in a filing with Bursa Malaysia yesterday, said the parties will enter into a sales and purchase agreement for the proposed acquisition, including existing buildings, plant nurseries and other structures on the land, within 14 days from the date of the notice of acceptance of Dec 16.