Sunway Acquires Prime Freehold Land in Kuala Lumpur for a RM3.2 Billion Mixed-Use Development

Sunway Berhad (“Sunway” or “Group”), through its wholly-owned subsidiary Sunway Melawati Sdn Bhd, has entered into a Sales and Purchase Agreement (“SPA”) with Viva Impian Sdn Bhd (“VISB”) to acquire a parcel of 17.58-acre prime freehold land in the thriving neighbourhood of Taman Taynton, Kuala Lumpur for a purchase consideration of RM320 million (“Proposed Land Acquisition”).