Sungei Way Corp ups stake in Sunway

KUALA LUMPUR: Sungei Way Corporation Sdn Bhd raised its stake in its subsidiary Sunway Bhd to 51.79% with the recent purchase of 12 million shares.

A filing with Bursa Malaysia showed Sungei Way Corp paid RM36.60mil for 12 million shares in Sunway, based on an average price of RM3.05.

After the purchase of the shares in the property-infrastructure-education group, its stake increased to 922 million shares.