Luxx Newhouse to invest RM80mil in UEM Sunrise’s SILC


UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib said he expects SILC phase 3 to be fully taken up within the next three years. (Filepic)

KUALA LUMPUR: Building materials company Luxx Newhouse Group will be investing RM80mil over the next five years in UEM Sunrise Bhd’s Southern Industrial and Logistics Clusters (SILC) phase 3, boosting total committed investments in the industrial park in Johor to RM117mil.

Apart from the Luxx Newhouse Group, Hong Kong-based logistics firm Crown Worldwide Group has pumped in RM37mil into SILC phase 3.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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 , UEM Sunrise , Luxx , Johor , UEM , Sunrise , SILC ,

   

Next In Business News

Eupe fourth-quarter profit rises 29%
Meta projects higher spending, weaker revenue
Buyout proposal for Anglo American could reshape copper market
US solar makers seek additional tariffs on panel imports from Asia
A test bed for airline subscription model
Pantech seeks to list steel pipe units
AI memory boom propels SK Hynix’s numbers
Battery stocks’ rally in India likely to extend
Congo accuses Apple of using ‘blood minerals’ from war-torn east
Higher earnings for Pavilion-REIT

Others Also Read