UEM Sunrise returns to the black in 2022 after two years of losses
The property developer posted a net profit of RM20.
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.
They include acquisition of land banks and companies, investments, project development and infrastructure costs, capital and general expenditures, as well as refinancing of Islamic financing and outstanding loan facilities.
From the hectic rat race to the inescapable crawling traffic amid the concrete jungle – city life tends to leave you drained and longing for the next getaway in the great outdoors.
UEM Sunrise said both the group and the purchaser, Olive Investment Trust, have mutually agreed to discontinue with the proposed divestment since the settlement of the consideration was not concluded and settled within the prescribed time.
UEM Sunrise said its indirect wholly owned Nusajaya Rise Sdn Bhd has inked two sale and purchase agreements with NTPSB, the JV of UEM Sunrise's wholly owned UEM Land Bhd and CapitaLand's indirect unit Ascendas Land (Malaysia) Sdn Bhd, for the sale of the plots for RM289.
In a bourse filing on Friday (Dec 2), the property developer said the group’s indirect wholly-owned subsidiary, Symphony Hills Sdn Bhd, entered into three sale and purchase agreements with Sunsuria’s 65%-owned subsidiary, Tapah Land Development Sdn Bhd, for the disposals.
UEM Sunrise CEO Sufian Abdullah: Residensi Astrea’s topping [out] demonstrates our continued efforts to bring value to the Mont’Kiara neighbourhood as one of its pioneer developers, despite the challenges we faced and overcame.