Suria Capital shares up after sealing deal for RM4.2b mixed KK commercial project: Report

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Suria Capital shares up after sealing deal for RM4.2b mixed KK commercial project: Report
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Kota Kinabalu: Suria Capital Holdings Bhd's shares reportedly inched up to RM2.15 on Wednesday after the Sabah ports operator made two shareholders' agreements with BEDI Development Sdn Bhd, a 75% owned unit of EXSIM Development Sdn Bhd, for the development of prime land within the Kota Kinabalu Port area.

Kota Kinabalu: Suria Capital Holdings Bhd's shares reportedly inched up to RM2.15 on Wednesday after the Sabah ports operator made two shareholders' agreements with BEDI Development Sdn Bhd, a 75% owned unit of EXSIM Development Sdn Bhd, for the development of prime land within the Kota Kinabalu Port area.

The planned mixed-commercial development and surrounding waterfront developments are known as Jesselton Waterfront City. Construction is expected to begin in early 2025, with the completion anticipated to take up to 12 years. Suria Capital's stock rose 0.94% on Wednesday, with a market capitalisation of RM743.51 million, an 80.5% rise over the year. Daily Express Malaysia

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