KUALA LUMPUR: UEM Sunrise Bhd
’s unit UEM Land Bhd has sold the Imperia Building in Nusajaya, a newly-built office block with a retail area, to UEM Group Bhd (UEMG) for RM137.8mil cash.
The company said in a filing with Bursa Malaysia that the gross proceeds of RM130mil (excluding the goods and services tax) would be used to redeem part of the 450 million redeemable convertible preference shares (RCPS) issued by Bandar Nusajaya Development Sdn Bhd (BND), a unit of UEM Land, to UEMG within the next six months.
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