Major sharehoder likely to inject RM350mil into Sunsuria


PETALING JAYA: Sunsuria Bhd’s major shareholder Datuk Ter Leong Yap is likely to inject assets in the Klang Valley and Iskandar Malaysia measuring some 350 acres into the company to further strengthen the quality of its land bank.

The land worth RM350mil and with a potential gross development value of RM10bil was supposed to be injected into Sunsuria last year but the agreement lapsed.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Sunsuria , property , injection , Iskandar ,

   

Next In Business News

Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
InNature diversifies into the F&B industry
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
New capacity in the pipeline
March industrial production index up 2.4%, but below forecast
Data centre – boon or bane?
Perak Corp gets extension

Others Also Read