Bursa Announcements
Date : 04 December 2013
OTHERS SUNWAY BERHAD (“SUNWAY”) - ACQUISITION OF SHARES BY SUNWAY CITY SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SUNWAY) IN DECO STYLE SDN BHD
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY BERHAD (“SUNWAY”) - ACQUISITION OF SHARES BY SUNWAY CITY SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SUNWAY) IN DECO STYLE SDN BHD |
We refer to our announcement dated 26 November 2013 in relation to the execution of the Share Purchase Agreement (“Share SPA”) between Sunway City Sdn Bhd ("SunCity") and Shekel Enterprise Sdn Bhd on 26 November 2013 for the purpose of acquiring 2,000,000 ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Deco Style Sdn Bhd by SunCity for a total consideration of RM12,300,000/- ("Proposal Acquisition"). The Board of Directors of Sunway is pleased to announce that the Proposed Acquisition has been completed on 4 December 2013. This announcement is dated 4 December 2013. | |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 4 Dec 2013 |
| Category | General Announcement |
| Reference No | SS-131204-29871 |