Bursa Announcements

Date : 14 November 2013

OTHERS SUNWAY BERHAD (“SUNWAY”) - SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD

SUNWAY BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
- SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD
We refer to our announcements dated 15 August 2013 and 1 November 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.
    The Board of Directors of Sunway is pleased to announce that the Proposed Disposal is completed on 14 November 2013.

    This announcement is dated 14 November 2013.


    Announcement Info

    Company NameSUNWAY BERHAD  
    Stock Name SUNWAY    
    Date Announced14 Nov 2013  
    CategoryGeneral Announcement
    Reference NoSS-131114-8045E

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