Under the deal, UEM Sunrise via its unit Sunrise Bhd would invest RM215mil to acquire a 50% stake in WCT
PETALING JAYA: UEM Sunrise Bhd
has called off a joint venture (JV) with WCT Holdings Bhd and Jubilant Courtyard Sdn Bhd to develop a RM3bil township in Serendah, Selangor.
“The parties have mutually agreed on June 30 to rescind the agreement in light of the current weak property market conditions,” the company said in a filing with Bursa Malaysia.
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