Sunsuria to get RM59mil from put option

PETALING JAYA: Property developer Sunsuria Bhd will receive total cash proceeds of RM59.38mil after exercising a put option entered earlier.

The put option will see Creed Investments Pte Ltd purchasing Concord Property Management Sdn Bhd for a cash consideration of RM38.1mil and 0.95% of CI Medini for a cash consideration of RM1.85mil from Sunsuria.