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.
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.
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.
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.
PETALING JAYA (May 25): Sunway Bhd’s net profit for the first quarter ended March 31, 2021 dropped 6% to RM58.
KUALA LUMPUR (May 20): Sunway Construction Group Bhd's (SunCon) net profit for the first quarter ended March 31, 2021 (1QFY21) rose 23.
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the quarter ended March 31, 2021 (3QFY21) fell 35.
PUTRAJAYA (May 7): The Court of Appeal today dismissed the appeal filed by Sungai Ara residents, upholding the Penang High Court’s decision permitting Sunway City (Penang) Sdn Bhd to build a housing scheme development on a hilly area.