Bursa Announcements

Date : 03 December 2013

OTHERS SUNWAY BERHAD (“SUNWAY”) - ACCEPTANCE OF BANKING FACILITIES GRANTED TO SUNWAY TREASURY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY

SUNWAY BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
- ACCEPTANCE OF BANKING FACILITIES GRANTED TO SUNWAY TREASURY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY
Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunway wishes to announce that Sunway Treasury Sdn Bhd (“Sunway Treasury”), a wholly-owned subsidiary of Sunway, has secured banking facilities from OCBC Bank (Malaysia) Berhad (“OCBC”) and The Bank of Tokyo-Mitsubishi UFJ, Ltd, Labuan Branch (“BTMU”) as follows:
BankFacility
Amount
Purpose
OCBC Bridging Loan Facility
RM51.9 million
To part finance and/or reimburse the infrastructure/development cost of the proposed housing development project located at Bukit Lenang, Johor (“Bukit Lenang Project”) to be undertaken by Sunway City (JB) Sdn Bhd (“SunCity JB”).
Revolving Credit Facility
RM55.7 million
To be advanced to SunCity JB for repayment of advances granted to SunCity JB by Sunway City Sdn Bhd and/or to part finance the infrastructure and/or development expenses of the Bukit Lenang Project to be undertaken by SunCity JB.
BTMUBilateral Term Loan Facility
USD50 million
For general corporate funding purposes to meet Sunway Group’s requirements.

Sunway Treasury has an authorised and paid-up share capital of RM5,000,000/- and RM2,500,002/- respectively. The principal activity of Sunway Treasury is to function as the treasury management centre for Sunway and its subsidiaries.

This announcement is dated 3 December 2013.


Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced3 Dec 2013  
CategoryGeneral Announcement
Reference NoSS-131203-5BADC

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