Bursa Announcements
Date : 16 December 2013
OTHERS SUNWAY BERHAD (“SUNWAY”) - SHARE PURCHASE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY AND KAMSANI BIN MAHFUL, AMINAH BINTI NOORDIN AND FAWZI BIN ABDUL AZIZ (COLLECTIVELY, KNOWN AS “THE VENDORS”)
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY BERHAD (“SUNWAY”) - SHARE PURCHASE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY AND KAMSANI BIN MAHFUL, AMINAH BINTI NOORDIN AND FAWZI BIN ABDUL AZIZ (COLLECTIVELY, KNOWN AS “THE VENDORS”) |
We wish to announce that pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Holdings Sdn Bhd, a wholly-owned subsidiary of Sunway has on 16 December 2013, entered into a Share Purchase Agreement (“the Agreement”) with the Vendors for the acquisition of 15,000 ordinary shares of RM1.00 each representing 60% of the equity interest in Twinners (Malaysia) Sdn Bhd ("Twinners") for a total cash consideration of RM4.50 million (hereinafter referred to as "the Proposed Acquisition"). Twinners was incorporated on 15 October 1993 and its authorised and paid-up share capital are RM100,000/-and RM25,000/- respectively. The principal activity of Twinners is quarry concession holder. The Proposed Acquisition is not expected to have any immediate material effect on the earnings per share and net assets per share of Sunway and it has no effect on Sunway's share capital and substantial shareholders' shareholding. The Proposed Acquisition does not require approval from the shareholders of Sunway. None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the Proposed Acquisition. This announcement is dated 16 December 2013. | |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 16 Dec 2013 |
| Category | General Announcement |
| Reference No | SS-131216-2C882 |