BURSA ANNOUNCEMENTS

Date : 15 April 2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD (SUNWAY) PROPOSED DISPOSAL OF THE SUBJECT LANDS AND BUILDINGS IN SUNWAY CITY BY SUNWAY DESTINY SDN. BHD. FOR A CASH CONSIDERATION OF RM550 MILLION

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNWAY BERHAD (SUNWAY)

PROPOSED DISPOSAL OF THE SUBJECT LANDS AND BUILDINGS IN SUNWAY CITY BY SUNWAY DESTINY SDN. BHD. FOR A CASH CONSIDERATION OF RM550 MILLION

Unless otherwise defined, the abbreviations and definitions used in the announcement dated 24 December 2018 ("Announcement") shall apply herein.

 

We refer to the Announcement in relation to the Proposed Disposal.

 

On behalf of the Board, RHB Investment Bank wishes to announce that the Proposed Disposal has been completed today in accordance with the terms and conditions of the SPA.

 

In addition, the novation agreements for the respective Lease Agreements between the Vendor, the Trustee and the respective Lessees are effective today.

 

This announcement is dated 15 April 2019.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 15 Apr 2019
Category General Announcement for PLC
Reference Number GA1-15042019-00036


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