Sunway buys Penang land


KUALA LUMPUR: Sunway City (Penang) Sdn Bhd (SCP), an indirect unit of Sunway Bhd, has signed a sale and purchase agreement with Luxor Precision Sdn Bhd to acquire four pieces of freehold land in Penang for RM267.41mil.

In a filing with Bursa Malaysia, Sunway said SCP had successfully bid for the land on Dec 17, together with the existing buildings, plant nurseries and other structures.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Sunway Bhd , penang

Next In Business News

Suria Capital appoints new chairman
Oxford Innotech wins RM4.8mil data centre job
AmBank Group finances Kedah solar project
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
TNB terminates renewable energy power purchase deal with Reneuco
Shin Yang in RM118mil vessel deal
Glovemakers shift focus as China floods markets
Sunway to proceed with IJM takeover�
Wasco to gain from transition to renewables

Others Also Read