UEM Sunrise Forms Joint Venture With AME Development for Johor Industrial Park

Bitget2026/10/30 09:47

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UEM Sunrise entered a 50:50 joint venture with AME Development on October 30, 2026, to develop an industrial park in Johor.
The Gerbang Nusajaya project covers 402.106 acres, with an estimated gross development value of RM 4 billion.
Subsidiary Nusajaya Rise will sell the land to the joint venture for RM 972.12 million, payable in stages.
Initial share subscriptions and shareholder loans total RM 453.18 million, with both partners contributing equally.
Development is expected to begin by the end of 2027, progressing over approximately 10 years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UEM Sunrise Berhad published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720882) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UEM Sunrise Forms Joint Venture With AME Development for Johor Industrial Park

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