Sunway to enter Sabah’s pavement market via acquisition
Sunway said the proposed acquisition will enable it to penetrate and expand into the Sabah pavement market.
Sunway said the proposed acquisition will enable it to penetrate and expand into the Sabah pavement market.
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
The group plans to apply to the Johor state authority to convert the land from agriculture use to commercial within a year after the acquisition is completed.
However, Malaysia moved up the rankings in terms of annual growth.
Tuan Residency will have 577 units of 3-bedroom and 2-bathroom homes, with built-ups ranging from 878 sq ft to 1,015 sq ft.
“Today marks a major milestone for this game-changing project.”
In its report yesterday, the Australian Financial Review said Mara showed a A$1.2 million loss on the asset in 2016 after it became vacant.
Regarding issues related to the proposed high-rise development near Taman Rimba Kiara (TRK).
MIDF Research maintains neutral with a lower target price of RM1.60.
CIMB Research maintains add call with a higher target price (TP) of RM1.21.