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Thursday, May 7, 2009

SunCity unit secures RM98mil financing

KUALA LUMPUR: Sunway City Bhd (SunCity) subsidiary Sunway D’Mont Kiara Sdn Bhd (SDMK) has secured RM98mil banking facilities from Public Bank Bhd.

In a filing with Bursa Malaysia, SunCity said the banking facilities were to part-finance the development cost (including consultation fees) of six blocks of condominiums comprising 228 units under Phase 3 of Kiara Hills known as Vivaldi as well as for SDMK’s working capital.

SDMK has an authorised and paid-up share capital of RM500,000 and RM250,000 respectively, with principal activity being property development

By Bernama

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