Bursa Alert
Global Market
NewsSunway unit awarded RM282.9m contract for Khazanah-Temasek dev
Page 1 of 1
Sunway unit awarded RM282.9m contract for Khazanah-Temasek dev
by Cals Fri 23 Aug 2013, 19:01
Sunway unit awarded RM282.9m contract for Khazanah-Temasek dev
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Friday, 23 August 2013 18:18
KUALA LUMPUR (Aug 23): Sunway CONSTRUCTION [] Sdn Bhd, a wholly-owned unit of Sunway Bhd, has been awarded a RM282.9 million contract for the development of the 'Urban Wellness' mixed development by Pulau Indah Ventures Sdn Bhd.
Pulau Indah Ventures is a joint venture company between Khazanah Nasional Berhad and Temasek Holdings (Private) Limited.
The 'Urban Wellness' project is a 5-acre site in Medini North, Iskandar Malaysia. CapitaLand Limited is the project manager overseeing the development.
The project is expected to commence on September 1, and completed by October 31, 2015 with a construction period of 26 months.
"It is expected to contribute positively to the earnings of Sunway Group from the financial year ending 31 December 2014 onwards," said Sunway in its filing.
'Urban Wellness' will include two phases of mixed residential and commercial buildings as well as a 4-story carpark.
Business & Markets 2013
Written by Shalini Kumar of theedgemalaysia.com
Friday, 23 August 2013 18:18
KUALA LUMPUR (Aug 23): Sunway CONSTRUCTION [] Sdn Bhd, a wholly-owned unit of Sunway Bhd, has been awarded a RM282.9 million contract for the development of the 'Urban Wellness' mixed development by Pulau Indah Ventures Sdn Bhd.
Pulau Indah Ventures is a joint venture company between Khazanah Nasional Berhad and Temasek Holdings (Private) Limited.
The 'Urban Wellness' project is a 5-acre site in Medini North, Iskandar Malaysia. CapitaLand Limited is the project manager overseeing the development.
The project is expected to commence on September 1, and completed by October 31, 2015 with a construction period of 26 months.
"It is expected to contribute positively to the earnings of Sunway Group from the financial year ending 31 December 2014 onwards," said Sunway in its filing.
'Urban Wellness' will include two phases of mixed residential and commercial buildings as well as a 4-story carpark.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Sunway subsidiary awarded RM222mil contract
» Khazanah, Temasek to develop Iskandar
» Fajarbaru unit awarded RM72.9m job
» IJM unit awarded RM238m construction job
» Censof awarded RM1m contract by LKIM
» Khazanah, Temasek to develop Iskandar
» Fajarbaru unit awarded RM72.9m job
» IJM unit awarded RM238m construction job
» Censof awarded RM1m contract by LKIM
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum