Sunsuria in JV for Salak Tinggi land

PETALING JAYA: Sunsuria Bhd has partnered with Taiwan-based Ever Rich Land Co Ltd to turn a 3.4ha land in Putrajaya South into a RM694 million theme-designed mixed development.
In a stock exchange filing yesterday, the property developer said its 99.99%-owned indirect subsidiary, Sunsuria City Sdn Bhd (SCSB), and 99.99%-owned direct subsidiary, Sunsuria Gateway Sdn Bhd (SGSB), have signed an agreement with one of Ever Rich's real estate investment arm, Welcome Global Co Ltd.
This is to facilitate the setting up of Sunsuria Everrich Sdn Bhd (SESB), which is 60% owned by the two Sangsuria units and 40% by Welcome Global, it said in a filing to Bursa Malaysia.
SCSB and SGSB are involved in property development and investment holding respectively, while Ever Rich is engaged in construction and project development and investments in Taiwan and South Korea.