Y&G aborts plan to buy RM31m land in Pontian
This follows the expiry of the last extended conditional period on May 26 whereby the conditions precedent as stated in the sale and purchase agreement (SPA) have not been fully complied with
This follows the expiry of the last extended conditional period on May 26 whereby the conditions precedent as stated in the sale and purchase agreement (SPA) have not been fully complied with
"Barring any unforeseen circumstances, the disposal is expected to be completed by the second quarter of 2018."
The property development and the property investment and management segments contributed 10% and 7% respectively to the group's revenue.
“The property development and property investment business segment reported lower revenue due to lower occupancy rates and lower jetty income."
SunCon said its ongoing project remains on track.
"The divestment plan will enable Enra to monetise its investment in LZSB..."
In a filling to Bursa Malaysia, SunREIT said Sin, 43, replaces Wai Sow Fun, who will assume a new role within the Sunway Group.
On the REIT's prospect, manager Sunway REIT Management Sdn Bhd said it is committed to distribute 100% of its distributable net income for FY18.
Will continue to strengthen the REIT’s performance by improving customers’ and shoppers’ experience in both Mid Valley Megamall and The Gardens Mall.