UEM Sunrise to sell 1.97ha in Canada
KUALA LUMPUR: UEM Sunrise Bhd is disposing of three parcels of land measuring 1.97ha in British Columbia, Canada, for RM372.57 million.
The move was made in its bid to concentrate on the domestic market in Malaysia and shift its global business focus to Australia.
The group said its unit, UEM Sunrise (Canada) Alderbridge Ltd, had entered into a deal with Canadian real estate developer South Street Development Group’s unit 1107782 BC Ltd.
The disposal is expected to be completed in the third quarter.