UEM Sunrise: Land deal with Melati Ehsan beneficial as we can monetise asset while keeping control of development rights
KUALA LUMPUR (Sept 15): UEM Sunrise Bhd, which is selling a 4.01-acre plot in Kiara Bay here to Melati Ehsan Holdings Bhd in a related-party-transaction (RPT), said the deal enables the group to monetise the land at its current market value while allowing it to retain control over the land’s development via a development rights agreement (DRA)...
- By srec
- September 19, 2023
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