Sunrise Shares Holdings' unit changes key business activities

ELECTRICAL products trader and distributor Sunrise Shares Holdings 581 : 581 0% on Friday announced that its wholly owned subsidiary, Sunrise Industrial, has changed its principal business activities from property fund management and collecting rental income from real estate investment trusts (Reits) to offering consultancy and management services in property and hospitality.

Sunrise Industrial will also offer consultation services for investment and information, as well as real estate. Other key business activities include fund management services, land development and project management as well as property leasing and building construction, which includes design and renovation.

The changes will enable Sunrise Industrial to explore business opportunities that are within the group's core business, said Sunrise Shares in a bourse filing.

Shares of Sunrise ended Friday at 3.8 Singapore cents, up 0.3 cent or 8.6 per cent.

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