Why Uem Land Acquires Sunrise

September 25, 2021

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 Land signed the sale and purchase agreement with Accolade Land Sdn Bhd.

Uem Sunrise Buys Land For Rm109 5m The Edge Markets

KUALA LUMPUR June 4.

Why uem land acquires sunrise. Shareholders of Sunrise are given 2 options. 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. 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.

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. Shareholders of Sunrise are given 2 options. The 686-acre parcel like the previous acquisitions in Section 13 Petaling Jaya and Taman Pertama Cheras is aligned with UEM Sunrises ongoing.

Shareholders of Sunrise are given 2 options. UEM SUNRISE BERHAD UEM SUNRISE OR COMPANY MEDIA RELEASE - UEM SUNRISE ACQUIRES PRIME FREEHOLD LAND ADJACENT TO THE TAMAN CONNAUGHT MRT STATION CHERAS. UEM Sunrise acquires freehold land in Cheras for RM197m.

In addition to a new integrated mixed use development Kiara Bay located next to the Kepong Metropolitan Park in Kuala Lumpur. Why UEM Land acquires Sunrise. It will create Malaysias largest property company with a market capitalisation of nearly RM10 billion and a 12000-acre landbank.

UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or. 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.

Sunrise shareholders get 280 redeemable convertible preference shares RCPS for every one offer share. 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. 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.

UEM Sunrise Berhad UEM Sunrise or the Company one of Malaysias leading property developers has acquired 686 acres of prime freehold land adjacent to the Taman Connaught MRT station in Cheras for a total consideration of RM197 million. 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. 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.

UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or. 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. 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. On 4 th November 2010 UEM Land Bhd plans to take control of Sunrise Bhd in a RM 14bil deal. 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.

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. 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 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. 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. 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.

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. UEM Sunrise via its wholly-owned subsidiary.

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.

UEM Land to acquire Sunrise shares at RM280 via the issuance of UEM Land shares at RM210 each or. On 4 th November 2010 UEM Land Bhd plans to take control of Sunrise Bhd in a RM 14bil deal.

Uem Sunrise Acquires Prime Land In Taman Connaught For Rm197m

Uem Sunrise Sells Iskandar Puteri Land To Ame For Rm434 3mil

Uem Sunrise Acquires Land In Cheras For Rm197mil

Ame To Generate More Than Rm1 5 Billion Gdv In Newly Acquired Johor Land Business Today

Uem Sunrise Acquires Prime Freehold Land Adjacent To The Taman Connaught Mrt Station Cheras Market News Propertyguru Com My

Bernama Uem Sunrise Acquires Freehold Land In Cheras For Rm197 Mln

Uem Sunrise Purchases Three Plots In Pj For Mixed Development Worth Rm1 3b Edgeprop My

Mah Sing Acquires Prime Land Next To Kepong Metropolitan Park To Develop M Luna Market News Propertyguru Com My

Uem Sunrise Acquires Prime Freehold Land Adjacent Behind To Cheras Sentral Connaught Mrt Station Cheras With Do Property Malaysia

Pin On Editor S Pick

Skanska Sells Majority Stake In Seattle Mixed Use Tower For 669m Nation S Largest Single Prop Multifamily Property Management Commercial Real Estate Property