UEM Sunrise's JV for smart-city solutions with TM and Iskandar Investment to be wound up
The JV — Inneonusa Sdn Bhd — is 51%-owned by TM, 39%-owned by UEM and 10% by IIB.
The JV — Inneonusa Sdn Bhd — is 51%-owned by TM, 39%-owned by UEM and 10% by IIB.
It saw over 100 million shares traded, indicating investors' avid interest in the company due to its huge land bank in Johor, which is seen as a hotspot for the property sector due to upcoming high-value transit developments such as the Johor-Bahru Singapore Rapid Transit System and the formation of the Johor-Singapore Special Economic Zone (SEZ) in the state.
With the three upcoming properties, ONYX will have a total of seven properties in its Malaysian portfolio as it currently manages Amari Johor Bahru, OZO George Town Penang, Amari SPICE Penang and Amari Kuala Lumpur.
The job scope covers the construction of main building works for, amongst others, a 45-storey structure comprising a 38-storey serviced apartment block of 380 units — to be completed within 35 months from Jan 18, 2024.
The research house said that if a breakout occurs, the stock will likely advance towards the 52-week high level at the 29 sen resistance, followed by 35.
The significant increase was mainly attributed to its TropiQuest marketing campaign, customer engagement initiatives as well as strong commitment from its team and agents.
The project entails the construction and execution of main building works for a 45-storey structure, including a 38-storey serviced apartment block comprising 380 units, a two-storey basement carpark, and a five-storey elevated carpark.
The highlight of the night was “the electrifying performance” by Malaysia’s King of Rock, Dato’ Awie, with his all-time favourite hits such as “Peronda Jaket Biru”, “Romania”, “Sejati”, and “Ratuku”.
The stakes, held through its indirect wholly-owned subsidiary Tiara Gateway Pte Ltd, comprised a 49% equity interest in Mendol Investments Pte Ltd and 100% equity interest in Hinako Investments Pte Ltd.