SUNWAY CITY ,SIME DARBY

Sunway City Bhd (SCITY MK, Buy, TP: RM3.60) plans to construct new buildings over the next few years, that will later be injected into its RM4bn real estate investment trust (REIT). "We are working on pipeline investment assets to include into the REIT later when they mature in earnings and have the right tenant mix," SunCity executive director Datuk Jeffrey Ng
Tiong Lip told Business Times in an interview. SunCity is still weighing its option of whether to list on Bursa Malaysia or via reverse takeovers in Singapore or Australia. (BT)


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Sime Darby Plantation Sdn Bhd, a unit of Sime Darby Bhd (SIME MK, Buy, TP: RM7.70), is set to invest an initialRM100m to develop oil palm plantations on Native Customary Rights (NCR) lands in Julau. Its Plantation Agency and Consultation head Mohd Helmy Othman Basha said the project would cover an area of about 20,000ha and that it will be a joint ventureship with landowners from 109 longhouses in three areas namely KJD/Lower Julau, Sungai Julau/Sungai Pitoh and Merurun/Meluan/Entabai. In the joint venture, Sime Darby will hold 60% equity while the landowners will hold 30% and the Land Custody and Development Authority (LCDA) 10%. Helmy said the target was for Sime Darby to develop around 50,000ha
in Sarawak and another 50,000ha in Sabah. (The Malaysian Reserve