KUALA LUMPUR: Sunsuria Bhd has increased its stake in KL City Gateway Sdn Bhd (KLCG), the developer of the Kampung Sungai Baru redevelopment project, to 61% from 20%. In a filing to Bursa Malaysia, Sunsuria said it had signed an agreement to acquire an additional 41% stake worth RM21.46 million from four existing shareholders of KLCG, namely Suez Capital Sdn Bhd, Scenic Starhill Sdn Bhd, Yedor Holdings Sdn Bhd and Yeoh Ah Tu. The company acquired an initial stake of 20% in KLCG in December 2024. Sunsuria also informed that the company has signed a new shareholders agreement with Transworld […]

Sunsuria Bhd has significantly strengthened its position in the redevelopment of Kampung Sungai Baru after raising its stake in KL City Gateway Sdn Bhd (KLCG) from 20% to 61%. The move is expected to give Sunsuria greater strategic control over one of Kuala Lumpur’s most valuable urban renewal projects, which carries a gross development value […]