Sunway JV into Umech Land to develop 559 acres of prime industrial land in Batu Kawan

KUALA LUMPUR: Sunway Bhd has signed a joint development agreement with Penang Development Corporation (PDC) to collaboratively develop a 559-acre parcel of prime industrial land at Batu Kawan, Penang in exchange for a land entitlement of RM646mil to PDC.

Sunway said its wholly-owned subsidiary, Sunway Bukit Gambier Sdn Bhd, through its joint venture with Umech Land Sdn Bhd signed the agreement with PDC.

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Sunway , Sunway Property , Batu Kawan , Umech Land

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