ADS
UEM Land Holdings Bhd, a Malaysian property developer, rose to a record in Kuala Lumpur trading as it’s close to completing a takeover of Sunrise Bhd.The stock climbed 1.7 per cent to RM2.94 at 9:16 a.m. local time.
The takeover offer closed on Jan. 7 and it will now invoke a compulsory purchase order for all remaining shares of Sunrise, it said in a statement.
By Bloomberg
