UEM Sunrise’s chief executive officer Sufian Abdullah said the possibility of another overnight policy rate hike is unlikely to have a significant impact on sales or sentiment.
This compares to the net loss of RM7.
The group said its indirect wholly owned subsidiary, UEM Sunrise South Africa Proprietary Ltd, signed an agreement on Friday (Aug 19) to sell the stake, together with claims, to Olive Investment Trust.
UEM Sunrise chief executive officer Sufian Abdullah said, “The land sits at a very strategic location of just being at the doorstep to the KL City Centre via a short drive along Jalan Sultan Yahya Petra and Jalan Tun Razak.
The vendor is Nipponkey Sdn Bhd, a company largely controlled by Paragon Globe Bhd Chairman Datuk Seri Edwin Tan Pei Seng, said UEM Sunrise in a filing with Bursa Malaysia.
KUALA LUMPUR (June 7): In a Memorandum of Understanding, UEM Sunrise Bhd has partnered with nine local companies for its Vendors Partnership Programme.
PETALING JAYA (June 3): UEM Sunrise Bhd has partnered with Affin Bank in the “Home Step Fast/i” campaign to offer financing solutions to homebuyers.
KUALA LUMPUR (May 26): UEM Sunrise Bhd chief executive officer Sufian Abdullah said on Thursday that the hike in construction cost is not eroding the group's profitability for the financial year ended Dec 31, 2022 (FY22).
KUALA LUMPUR (May 26): Property developer UEM Sunrise Bhd returned to black in its first quarter ended March 31, 2022 with a net profit of RM19.
ISKANDAR PUTERI (March 29): UEM Sunrise Bhd has achieved a 75% take-up for Phase 2 of Aspira Gardens in the Gerbang Nusajaya development at Iskandar Puteri, Johor.
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