OTHERS: SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”) - PROPOSED CHANGE IN SHAREHOLDING OF SUNWAY REIT MANAGEMENT SDN BHD (“MANAGER”)
|SUNWAY REAL ESTATE INVESTMENT TRUST|
|Description||SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”)|
- PROPOSED CHANGE IN SHAREHOLDING OF SUNWAY REIT MANAGEMENT SDN BHD (“MANAGER”)
We refer to the announcements made by Sunway City Berhad (“SunCity”) on 24 November 2010 and 18 January 2011 in relation to, amongst others, the proposed disposal of the entire business and undertaking including all the assets and liabilities of SunCity to Sunway Berhad (formerly known as Alpha Sunrise Sdn Bhd)(“Sunway”)(“Proposed Disposal”).
As the Proposed Disposal would involve the change in shareholdings of the Manager, the Board of Directors of the Manager wishes to announce that the Securities Commission (“SC”) had vide its letter dated 22 April 2011 (which was received on 25 April 2011) approved the change in shareholding structure of the Manager from being a wholly-owned subsidiary of SunCity to a wholly-owned subsidiary of Sunway or its subsidiary, subject to the condition that the Manager is required to inform the SC upon the completion of the proposed change in its shareholding structure.
This announcement is dated 25 April 2011.
|Company Name||SUNWAY REAL ESTATE INVESTMENT TRUST|
|Date Announced||25 Apr 2011|