News about UEM Sunrise

In a note, Hong Leong Investment Bank said the 3.

UEM Sunrise plans to develop a mixed-use development featuring residential and retail components, to be categorised in the NEST Series under UEM Sunrise’s Happy+ product series.

  The residential development received an encouraging response during the preview of its Tower B for business associates and UEM Sunrise’s premium loyalty members, Trésorians, with 70% of the units booked.

Soak in the sun at a poolside cabana, calm your senses with a relaxing spa session or unwind with a good book in the lounge – a luxurious resort stay does wonders to invigorate the worn and weary.

The notes were part of an IMTN programme which along with an Islamic commercial papers programme have a combined aggregate limit of up to RM4 billion in nominal value.

The property developer said the new IMTN, which has a three-year tenure, matures on April 7, 2026.

The property developer posted a net profit of RM20.

“Our hope is that Happy+ will form an identifiable DNA of our products and allow our customers to find the right products that meet their individual needs.

On Wednesday, UEM Sunrise announced that its plan to buy the land on Jalan Semarak fell through after conditions precedent under the sale and purchase agreement (SPA) were not fulfilled within the conditional period, which expired on Tuesday.

As the SPA had lapsed, UEM Sunrise said the vendor Nipponkey Sdn Bhd will refund its indirect wholly owned subsidiary Lucky Bright Star Sdn Bhd the deposit, including any interest accrued, within 14 days.