The proximity of the land to the Taman Connaught MRT Station provides UEM Sunrise an excellent opportunity to explore a transit-oriented development that meets demands of young urban professionals working in the city complemented by a lifestyle offering in attractively priced residences said UEM Sunrise chief executive officer CEO Sufian Abdullah in a statement. In a stock exchange filing today the property developer said its wholly-owned subsidiary UEM Land Bhd had signed a sale and purchase agreement SPA with Accolade Land Sdn.
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UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or.
Why uem land acquires sunrise. UEM Sunrise Bhd announced today that it had acquired 686 acres of prime freehold land in Cheras Kuala Lumpur for a total consideration of RM197 million. KUALA LUMPUR June 4. UEM Sunrise acquires freehold land in Cheras for RM197m.
KUALA LUMPUR June 4. Shareholders of Sunrise are given 2 options. UEM Sunrise signed a Sale and Purchase Agreement to acquire 993 acres of prime land in Section 13 Petaling Jaya Selangor on Jalan Professor Khoo Kay Kim for RM200 million.
In addition to a new integrated mixed use development Kiara Bay located next to the Kepong Metropolitan Park in Kuala Lumpur. UEM Land signed the sale and purchase agreement with Accolade Land Sdn Bhd. This acquisition marks UEM Sunrises first project in the affluent Petaling Jaya township further strengthening the Companys portfolio in prime and upmarket locales following its successes in MontKiara Kuala Lumpur and Iskandar Puteri Johor.
UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or. Shareholders of Sunrise are given 2 options. UEM Sunrise Berhad has acquired three 3 parcels of prime land in Section 13 Petaling Jaya Selangor on Jalan Professor Khoo Kay Kim and will focus on delivering a mixed commercial development that will complement the ongoing redevelopment efforts for the entire Section 13 into a.
The Taman Connaught land marks UEM Sunrises second major acquisition of the year a testament to the Companys commitment in rebalancing its landbanking portfolio in the Central Region. UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or. The Company wishes to announce that its wholly-owned subsidiary UEM Land Berhad Purchaser has today entered into a sale and purchase agreement SPA with Accolade Land Sdn.
On 4 th November 2010 UEM Land Bhd plans to take control of Sunrise Bhd in a RM 14bil deal. Sunrise shareholders get 280 redeemable convertible preference shares RCPS for every one offer share. KUALA LUMPUR June 4.
Why UEM Land acquires Sunrise. The project is targeted for launch in the next two to three years and is estimated to have a Gross Development Value of RM13 billion. On 4 th November 2010 UEM Land Bhd plans to take control of Sunrise Bhd in a RM 14bil deal.
UEM Sunrise Bhd announced today that it had acquired 686 acres of prime freehold land in Cheras Kuala Lumpur for a total consideration of RM197 million. The 686-acre parcel like the previous acquisitions in Section 13 Petaling Jaya and Taman Pertama Cheras is aligned with UEM Sunrises ongoing. On 4 th November 2010 UEM Land Bhd plans to take control of Sunrise Bhd in a RM 14bil deal.
In a stock exchange filing today the property developer said its wholly-owned subsidiary UEM Land Bhd had signed a sale and purchase agreement SPA with Accolade Land Sdn. The purchase of the Taman Connaught land marks UEM Sunrises second major acquisition of the year a testament to the Companys commitment to rebalancing its landbanking portfolio in the Central Region. The purchase of the Taman Connaught land marks UEM Sunrises second major acquisition of the year a testament to the Companys commitment to rebalancing its landbanking portfolio in the Central Region.
Shareholders of Sunrise are given 2 options. Sunrise shareholders get 280 redeemable convertible preference shares RCPS for every one offer share. In addition to a new integrated mixed use development Kiara Bay located next to the Kepong Metropolitan Park in Kuala Lumpur.
It will create Malaysias largest property company with a market capitalisation of nearly RM10 billion and a 12000-acre landbank. In a stock exchange filing today the property developer said its wholly-owned subsidiary UEM Land Bhd had signed a sale and purchase agreement SPA with Accolade Land Sdn Bhd the landowner with. KUALA LUMPUR June 4.
This acquisition marks UEM Sunrises first project in the affluent Petaling Jaya township further strengthening the Companys portfolio in prime and upmarket locales following its successes in MontKiara Kuala Lumpur and Iskandar Puteri Johor. UEM Sunrise Bhd announced today that it had acquired 686 acres of prime freehold land in Cheras Kuala Lumpur for a total consideration of RM197 million. UEM SUNRISE BERHAD UEM SUNRISE OR COMPANY MEDIA RELEASE - UEM SUNRISE ACQUIRES PRIME FREEHOLD LAND ADJACENT TO THE TAMAN CONNAUGHT MRT STATION CHERAS.
In early November UEM Land Holdings Bhd started the property merger ball rolling by proposing a conditional takeover of Sunrise Bhd at RM280 per share which values the acquisition at RM139 billion. Leveraging on Sunrise Groups robust financial strengths and prospects Accelerate UEM Lands own business expansion To secure new development projects And to create another Capital Land Singapore state-own company which is one of Asias biggest property developers. Sunrise shareholders get 280 redeemable convertible preference shares RCPS for every one offer share.
UEM Sunrise Bhds wholly owned subsidiary UEM Land Bhd has acquired 277 hectares 686 acres of prime freehold land adjacent to the Taman Connaught MRT station in Cheras for RM197 million.
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