TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST (SUNREIT) - LETTER OF AWARD TOTALING RM274 MILLION TO SUNWAY CONSTRUCTION SDN BHD IN RELATION TO THE PROPOSED EXPANSION OF SUNWAY CARNIVAL SHOPPING MALL
|SUNWAY REAL ESTATE INVESTMENT TRUST|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
SUNWAY REAL ESTATE INVESTMENT TRUST (SUNREIT) - LETTER OF AWARD TOTALING RM274 MILLION TO SUNWAY CONSTRUCTION SDN BHD IN RELATION TO THE PROPOSED EXPANSION OF SUNWAY CARNIVAL SHOPPING MALL
The Board of Directors of Sunway REIT Management Sdn Bhd, the Manager for SUNREIT (the “Manager”), wishes to inform that RHB Trustees Berhad, the trustee for SUNREIT (the “Trustee”), had on 23 June 2017 approved the capital expenditure for the expansion of Sunway Carnival Shopping Mall (the “Project”) and has duly authorised the Manager to appoint the project delivery partner (“PDP”) for the said Project. On 27 February 2018, the Manager has, pursuant to the authority given by the Trustee, awarded Sunway Construction Sdn Bhd (“SunCon”), a wholly-owned subsidiary of Sunway Construction Group Berhad (“SunCon Group”) which in turn is a subsidiary of Sunway Berhad (“Sunway”) as PDP for the planning, coordination, construction and completion of the proposed expansion of Sunway Carnival Shopping Mall on Lot No. 5493, 5497, 5498, 5499 and PT 5044 (also referred to as Lot 10299), Jalan Todak 1, Pusat Bandar Seberang Jaya, Seberang Perai Tengah, Pulau Pinang [hereinafter referred to as the “Award”].
Please refer to the attachment below for further details of the Award.
The announcement is dated 27 February 2018.
Please refer attachment below.
|Company Name||SUNWAY REAL ESTATE INVESTMENT TRUST|
|Date Announced||27 Feb 2018|
|Category||General Announcement for PLC|