UEM Sunrise sells land in Canada for RM372mil


PETALING JAYA: UEM Sunrise Bhd is selling 4.9 acres in British Columbia, Canada for C$113mil (RM372.57) under its strategy to focus on the domestic market in Malaysia and to shift its international business focus to Australia.

The property company said on Monday its unit UEM Sunrise (Canada) Alderbridge Ltd was selling three parcels of land in New Westminister, Richmond, BC to South Street Development Group’s unit 1107782 BC Ltd.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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 , property

   

Next In Business News

Shell says it remains committed to mobility business in Malaysia
Federal Court rules in SC’s favour, Ricky Wong’s leave application dismissed
Regional expansion to bode well for CTOS
Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme

Others Also Read