Sunsuria Berhad announced the completion of its acquisition of an additional 41.00% equity interest in KL City Gateway Sdn Bhd increasing its shareholding from 20.00% to 61.00%.
The RM21.46 million acquisition was undertaken through a Share Sale and Purchase Agreement with Suez Capital Sdn Bhd and other existing shareholders. Sunsuria had previously acquired a 20.00% stake in KLCG in December 2024.
Following the completion of the transaction, Sunsuria now holds a 61.00% equity interest in KLCG,
representing a majority stake. The remaining shareholders retain a collective 39.00% equity interest and
continue as parties to the shareholders’ agreement.
KLCG is undertaking KL City Gateway, a 9.66-acre integrated, transit-oriented development in the heart of
Kuala Lumpur. The first phase of the development has an estimated gross development value (“GDV”) of
approximately RM2.75 billion. This phase comprises four development plots and a dedicated green space,
bringing together commercial, residential and green spaces within a well-connected, pedestrian-friendly
masterplan. KL City Gateway represents one of the few large-scale integrated developments within the
city centre.
