KUALA LUMPUR (June 29): Sunsuria Bhd rose 5.75% in early trade today after the company teamed up with Hong Kong-based CITIC International Investment Ltd (CIIL) to carry out construction work and property development in Malaysia.

At 9.24am, Sunsuria rose 8 sen to RM1.47 with 1782,100 shares traded.

Sunsuria said in a filing yesterday that its wholly-owned subsidiary Sunsuria Builders Sdn Bhd (SBSB) signed an agreement with CIIL to establish a joint-venture company (JVCo) for the purpose. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
Why residents are finding a sense of completeness at Setia homes

For Malaysia’s younger, family-oriented homeowners, the meaning of “home” is evolving. Beyond shelter, it is increasingly viewed as a space that supports family traditions, personal development and everyday functionality.

read more
RELATED POSTS
  1. Sunsuria raises stake in KL City Gateway to 61% majority with RM21.46m acquisition
  2. Sunsuria 1Q profit slips amid lower progressive property recognition
  3. Sunsuria raises stake in developer of Kampung Sungai Baru project to 61%