UEM Sunrise: Property sector to gain from economic and welfare measures
UEM Sunrise said Malaysia recorded a 4.
UEM Sunrise said Malaysia recorded a 4.
Following the disposals, Liew retains an 18.
According to its exchange filing, the 0.
Datuk Rhodzariah Bujang, leading a three-judge panel together with Datuk Abu Bakar Jais and Datuk Lee Swee Seng, said they need more time to study the submissions and will inform the parties of a date for a decision in due course.
“On the surface, this revenue-sharing scheme seems lopsided and demands further detailed disclosures,” they said, noting that Petaling Jaya alone is projected to face a revenue shortfall of around RM10 million under the proposed deal.
It noted that of seven MOUs signed by SD Guthrie to develop 6,070 acres of land over the next decade, only one has reached the SPA so far.
"Even so, given its strong brand equity and parentage, we think SunCon will be able to recover from this event without impacting its new order wins materially over the longer term.
“SunCon is also currently seeking legal counsel to evaluate the appropriate actions to be taken on certain sub-contracts and parties.
“Although in Malaysia we have credit reporting companies such as CTOS, the average citizen does not understand credit scores and does not know his/her own credit scores.
The contract was awarded to its wholly-owned subsidiary KTI Sdn Bhd by the Construction Industry Development Board.