KUALA LUMPUR (Sept 23): Sunway's acquisition of Sterling Paradise, which has 47 parcels of land comprising 11.8 acres (4.72ha) in Kuala Lumpur for a mixed-residential development, for RM15 million is positive, TA Securities says. 

The acquisition is to be completed by 4Q and will further expand the Malaysian conglomerate's land bank in the Klang Valley, in line with its aim of replenishing its land bank in strategic locations, TA says.