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Flash Note – Sunway Bhd (BUY, maintain) - Securing RM283m of Medini Urban Wellness contract




Affin Hwang Investment Bank Bhd


25 Aug 2013





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Securing RM283m of Medini Urban Wellness contract Sunway announced that its wholly-owned subsidiary, Sunway Construction Sdn Bhd had on 23 August 2013 accepted the letter of award from Pulau Indah Ventures Sdn Bhd (a JVCo between Khazanah and Temasek) to undertake the construction works for a mixed development project, “Urban Wellness”, in Medini, Johor. The total contract value is RM282.9m and the project has a construction period of 26 months, commencing on 1st September 2013 with target completion by 31st October 2015.

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