Bursa Malaysia Stock Watch

UEM Land to integrate with Sunrise

kltrader
Publish date: Tue, 12 Apr 2011, 08:49 PM
kltrader
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Property developer, UEM Land Holdings Bhd, is looking at integrating its businesses with Sunrise Bhd while retaining the latter's brand, said Managing Director/Chief Executive Officer Datuk Wan Abdullah Wan Ibrahim.

'We are now consolidating and looking into how to maximise and integrate as well as when to roll out our projects.

'People are talking about integration and our plan to integrate. There are two different skill sets,' he said on the sidelines of the on-going 'Invest Malaysia 2011' conference here today.

Wan Abdullah said the integration process of less complex areas would be completed quickly while the actual implementation would take some time.

He said the integration process might take between one and two years.

UEM Land acquired Sunrise Bhd, last year, for RM1.39 billion. - Bernama
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