Sunsuria buys stake in Prosperspan to expand into construction

"A handshake to seal the shareholders agreement between Sunsuria Bhd CEO Koong Wai Seng and managing director of Spanway Chuah Chew Hai witnessed by executive chairman, Datuk Ter Leong Yap and independent non-executive chairman Datuk Tan Tian Meng.

PETALING JAYA: Property developer Sunsuria Bhd has acquired a 51% stake in construction firm Prosperspan Construction Sdn Bhd for RM408,000 to expand into the construction business.

Sunsuria unit Sunsuria Builders Sdn Bhd inked a share sale and purchase agreement (SSA) yesterday with Prosperspan director Chuah Peak San to buy 408,000 ordinary shares, representing the 51% equity interest in Prosperspan.