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Thursday, June 11, 2009

Sunway sells two foreign firms

KUALA LUMPUR: Sunway Holdings Bhd units Sunway Holdings (Vietnam) Sdn Bhd and Sunway Property (China) Ltd have agreed to dispose of Hochimex Nominee Co Ltd and its subsidiary for US$17mil (RM59.33mil) cash to Mega Methods Sdn Bhd.

Mega Methods is a wholly-owned unit of Sunway City Bhd.

Hochimex owns Sunway Hotel Hanoi Liability Ltd Co, which operates the Sunway Hotel Hanoi.

By The Star

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