Sunway says unit has not yet received termination letter from PDC on Batu Kawan Industrial Park 2 project
The termination of the agreement comes with a three months’ notice, PDC said.
Cancel state-owned land sale to Sunway’s Umech Land amid controversy, former Penang deputy chief minister Ramasamy tells PDC
“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.
Suspend BKIP2 land sale to Sunway-Umech indefinitely — P Ramasamy
"It should investigate the land sale at RM26.
Penang CM says Lee Kah Choon replaced as PDC director a day prior to Umech Land exchange deal
Lee has also resigned as the Penang CM's special investment adviser on Oct 2, Chow said, with a one-month notice given.
Penang Chinese Chamber of Commerce questions PDC’s sale of 559-acre land to Umech Construction at ‘below market’ price
The industrial land in BKIP2 was made available on the open market in May for RM80 per square foot, with parcels as small as five acres each.
Sunway ceases to be substantial shareholder of IJM
Sunway said its wholly-owned subsidiary Fortuna Gembira Enterpris Sdn Bhd ceased to be a substantial shareholder of IJM after selling 2.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
Sunway's 2Q earnings fall on lower contribution from property investment
The group said that due to Malaysian Financial Reporting Standards' (MFRS) 15 accounting treatment, the development profit from two of the group’s ongoing Singapore property development projects will only be recognised upon their completion and handover.
Sunway REIT’s 2Q NPI rises 9%; declares 4.62 sen DPU
For the first half ended June 30, Sunway REIT’s NPI advanced 12.
Sunway buys out its JV partner in Sunway City Iskandar Puteri development for RM85m
Sunway through its wholly-owned unit Sunway City Sdn Bhd (SunCity) is buying over the stake from IASB, which is a wholly owned unit of Iskandar Investment Bhd — which is in turn 60% held by Khazanah Nasional Bhd — for RM770,450.
