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Wednesday, April 13, 2011

UEM Land to retain Sunrise brand

KUALA LUMPUR: UEM Land Holdings Bhd will retain the Sunrise brand, while trying to integrate the different set of skills and expertise of both the former and recently acquired Sunrise Bhd.

"Everybody is talking about our plans to integrate. My message is why should we want to disturb something that is doing well. Sunrise and UEM Land are doing well, there are two different skill sets.

"Within one or two years, we would be able to pin down how we want to bring together (the skills and expertise)," UEM Land managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim told reporters on the sidelines of Invest Malaysia 2011, here yesterday.

Asked who will decide to buy landbanks for future development, Wan Abdullah said it will be decided by UEM board of directors.
On the current landbanks that UEM Land has for future development, he said the company has more than a thousand hectare in Nusajaya, Perak, Kuala Lumpur and Cyberjaya.

"Whenever there are opportunities, we will go in and buy. If we are invited to be a party, say the redevelopment of Pudu jail, we will be interested," he said.

He said the company is also looking at expanding its business overseas, but stressed that it will only go in through partnerships.

"Currently, we are presence in Durban, South Africa, as well as in India, the latter is a good country to look into, but we will go in through partnerships," he said.

Overall, he said UEM Land has projects worth a gross development value of RM30 billion.

By Business Times

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