SunCon 2Q net profit surges three folds on improved business performance
KUALA LUMPUR (Aug 19): Sunway Construction Group Bhd's (SunCon) net profit more than trebled to RM8.
32% individuals aged 18-30 years unsure or have no intention to get vaccinated — study
KUALA LUMPUR (Aug 12): 32% of the individuals aged between 18 and 30 years are either unsure or have no intention to get vaccinated, according to an IPSOS Malaysia study which was jointly undertaken with Monash University Malaysia, Sunway University and University Sains Malaysia.
Sunway Malls facilitating up to RM200m in working capital to assist retailers as pandemic creates 'cash-flow crunch'
KUALA LUMPUR (Aug 2): Sunway Malls announced today that it is facilitating up to RM200 million in working capital to assist its retailers through financing facilities provided by RHB Banking Group and Credit Guarantee Corporation Malaysia Bhd (CGC).
Sunway Property revises sales target to RM2.2b, driven by strong performance of Singapore launches
PETALING JAYA (July 7): Sunway Property revised property sales target to RM2.
OCBC Bank and Sunway REIT to collaborate on sustainable finance initiative
KUALA LUMPUR (June 24): Sunway Real Estate Investment Trust’s (Sunway REIT) SunREIT Unrated Bond Bhd (SUB) has mandated OCBC Bank (Malaysia) Bhd as the sustainability structuring coordinator of an unrated medium-term notes programme of up to RM10 billion in nominal value.
Singapore's GIC invests RM750mil for 16% stake in Sunway Healthcare over three years
KUALA LUMPUR (June 23): Singapore's sovereign wealth fund GIC Pte Ltd is acquiring a 16% stake in Sunway Healthcare Holdings Sdn Bhd (SHH) for RM750 million, confirming The Edge Malaysia's newsbreak over the weekend on GIC acquiring a strategic stake in the healthcare arm of the Sunway group.
Sunway Medical Centre appointed as healthcare organiser at Sunway Pyramid Convention Centre
KUALA LUMPUR (June 21): Sunway Healthcare group’s flagship hospital Sunway Medical Centre has been appointed as Healthcare Organiser (HCO) by ProtectHealth Corp Sdn Bhd to perform clinical management and public vaccinations at Sunway Pyramid Convention Centre (SPCC).
AmInvestment Bank Research cuts FV for Pavilion REIT, IGB REIT and YTL Hospitality REIT, increases it for Sunway REIT
KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.
Increasing enquiries for land outside city centre
While the recent deals of Cochrane land and Connaught land sales to Sunway Property and UEM Sunrise Bhd respectively have caught the market’s attention, real estate agency Rahim & Co International Sdn Bhd CEO Siva Shanker says not many developers are looking for land in Kuala Lumpur city centre.
Sunway Onsen Suites’ first tower achieves 90% take-up rate
IPOH (June 4): Sunway Onsen Suites, developed by Sunway Property, has achieved a take-up rate of 90% for its first tower comprising 252 units serviced suites.
