Sunway closes Australian property unit after nearly seven years of dormancy

PETALING JAYA (April 17): Sunway Bhd has confirmed that its indirect wholly-owned subsidiary, Sunway Property (Australia) Pty Ltd (SPAPL), was formally deregistered by the Australian Securities and Investments Commission (ASIC) on April 6, 2026, under Section 601AA(4) of the Corporations Act 2001.

In a Bursa Malaysia filing yesterday (April 16), Sunway said it had received ASIC's notification letter — dated April 6, 2026 — yesterday (April 16), confirming the completion of the deregistration process.

The closure brings to an end a chapter that began on April 12, 2019, when SPAPL was incorporated in Australia with an issued and paid-up share capital of just A$2. 

The entity has been dormant since its inception and never undertook any active business or development.

Sunway first announced the voluntary deregistration application on Feb 4, 2026. 

The group confirmed that the deregistration has no financial effect on Sunway, and that none of its directors, major shareholders or persons connected with them has any interest, direct or indirect, in the deregistration.

Editor's note: All information above is sourced exclusively from Sunway Bhd's Bursa Malaysia announcements dated yesterday (April 16) and Feb 4, 2026. This article is for informational purposes only and does not constitute financial or investment advice.

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