KUALA LUMPUR (July 2): UEM Sunrise Bhd said it has sold three parcels of freehold agriculture land in Mersing, Johor to Lagenda Properties Bhd for RM45.1 million.

This translates to RM2.4 per sq ft for the plots measuring 431.1 acres.

In a bourse filing, UEM Sunrise said its indirect wholly-owned subsidiary Sunrise Mersing Sdn Bhd has entered into agreements with Lagenda Mersing Sdn Bhd, a wholly-owned subsidiary of Lagenda Properties, for the disposal.

This is not the first time UEM Sunrise has sold land to Lagenda Properties. In August last year, it sold 623.1 acres of land in Tapah, Perak for RM29.9 million.

UEM Sunrise’s share price closed 0.5 sen or 1.25% lower at 39.5 sen, for a market capitalisation of RM2 billion.

Lagenda’s share price closed unchanged at RM1.27 today, valuing the group at RM1.04 billion.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

SHARE
SPONSORED CONTENT
Step inside the landscapes of S P Setia townships with the EdgeProp-S P Setia photo contest

A photograph may capture a beautiful park, a tranquil lake or an iconic bridge. But behind every compelling image lies something far more enduring — the way a place makes people feel.

read more
RELATED POSTS
  1. UEM Sunrise secures RM415 mil entitlement in KLCC land pact with Exsim KLCC
  2. ASM Automation provides further details on proposed Perak industrial land acquisition
  3. UEM Sunrise exits ONE15 marina JV via RM50,000 disposal of Puteri Harbour unit