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Thursday, October 7, 2010

UEM Land eyes RM2b revenue: Credit Suisse

UEM Land Holdings Bhd, a Malaysian property developer, aims to grow revenue five-fold to RM2 billion in five years, Credit Suisse Group AG said in a report today, citing company management.

UEM Land’s Bandar Nusajaya project will contribute at least 60 per cent of the sales in five years, Amir Hamzah, an analyst at Credit Suisse said in the report.

The company is also in talks with several Singaporean government-linked companies on property projects, Amir said.

By Bloomberg

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