AME Elite, UEM Sunrise form 50:50 joint venture for RM 4 billion industrial park
Bitget2026/10/30 10:48- AME Elite and UEM Sunrise formed a 50:50 joint venture to develop an industrial park in Gerbang Nusajaya, Johor.
- The 402-acre project has an estimated gross development value of RM 4 billion.
- Joint venture company Gerbang Synergy will acquire the freehold land from UEM Sunrise subsidiary Nusajaya Rise for RM 972.1 million.
- Development will span three phases, with the first expected to begin by the end of 2027.
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.
You may also like
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open
Crypto prices
More
