PETALING JAYA: Sunway Holdings Bhd’s unit, Sunway Developments Pte Ltd, and joint-venture partner Hoi Hup Realty Pte Ltd will pay S$165mil (RM384mil) to lease a parcel of state land from the Singapore government at Miltonia Close for 99 years to undertake a property development project.
“The completion period of the proposed project shall be 72 months or earlier, commencing from Sept 2 and would contribute positively to the earnings of Sunway Group for the financial year ending Dec 31, 2011 onward,” Sunway told Bursa Malaysia yesterday.
By The Star
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