Bursa Announcements
Date : 01 November 2013
OTHERS SUNWAY BERHAD (“SUNWAY”) - SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD
SUNWAY BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | SUNWAY BERHAD (“SUNWAY”) - SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD |
We refer to our announcement dated 15 August 2013 in relation to the execution of the following agreements between Sunway and Millennium Pavilion Sdn Bhd (“MPSB”) on 14 August 2013:- (a) Share Sale Agreement for the purpose of disposing 200,000 ordinary shares of RM1/- each, representing 20% of the issued and paid-up share capital of Sunway REIT Management Sdn Bhd (“SRM”) to MPSB free from all encumbrances, claims, charges, liens and equities and with all rights attaching thereto at a total consideration of RM28,000,000/- (“Proposed Disposal”); and (b) Shareholders Agreement for the purpose of regulating the relationship between Sunway and MPSB as shareholders of SRM. (a) for the change in the shareholding of SRM vis-à-vis its continuing eligibility to be a management company of Sunway Real Estate Investment Trust, as a result of the Proposed Disposal pursuant to the Guidelines on Real Estate Investment Trust issued by SC; and (b) for the change in the shareholding of SRM which results in a change in its controller pursuant to the Licensing Handbook issued by SC. This announcement is dated 1 November 2013 |
Announcement Info
Company Name | SUNWAY BERHAD |
Stock Name | SUNWAY |
Date Announced | 1 Nov 2013 |
Category | General Announcement |
Reference No | SS-131101-33EDD |