Sunsuria founder to 'nurture' Malaysia Aica into property company

Datuk Ter Leong Yap - founder and executive chairman of Sunsuria Group

The deal involving Sunsuria Development Sdn Bhd serving a notice of a mandatory general offer to Tan Sri Robert Tan Hua Choon’s Malaysia Aica Bhd (Maica) is now underway.

Sunsuria’s group founder and executive chairman Datuk Ter Leong Yap owns 17.37% in Maica and is proposing to take his stake in the company to 50.11% once buying out Tan and three others from the company.