♦ Buying Penang land for RM38.8m. Suncity announced that its wholly-owned
subsidiary – Sunway City (Penang) S/B had entered into a Sale and Purchase
Agreement (SPA) with Sungei Ara Holdings S/B to acquire a freehold land in
Penang, measuring 32.74 ha (or 80.9 acres). Total cash purchase consideration
is RM38.8m, funded by internal funds.
Sunway City Berhad : Another Landbanking Effort - 28/09/2010
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