Bursa Announcements
Date : 27 December 2013
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD (“SUNWAY”) - PROPOSED ACQUISITION OF LAND BY SUNWAY CITY (PENANG) SDN BHD, A SUBSIDIARY OF SUNWAY
SUNWAY BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | SUNWAY BERHAD (“SUNWAY”) - PROPOSED ACQUISITION OF LAND BY SUNWAY CITY (PENANG) SDN BHD, A SUBSIDIARY OF SUNWAY |
1. INTRODUCTION
a) Lot No. 1385, Tempat Relau, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran Mukim No. 264 measuring approximately 22,586.4816 square metres; b) Lot No. 2102, Tempat Paya Terubong, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran Mukim No. 256 measuring approximately 17,148.5269 square metres; c) Lot No. 3224, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran No. 3865 measuring approximately 55,195.5686 square metres; and d) Lot No. 7629, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran No. 39680 measuring approximately 4,048 square metres. (collectively, the “Land”). The Board of Directors of Sunway is pleased to announce that SCP has on 27 December 2013, entered into a Sale and Purchase Agreement (“SPA”) with LPSB to acquire the Land. 2. SALIENT TERMS OF THE SPA
The Purchase Price shall be satisfied by SCP in the following manner:-
i) Tender fee of RM2,674,180/- paid during submission of the tender; and ii) Balance deposit of RM24,067,620/-; and The SPA is available for inspection at the registered office of Sunway at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan during normal business hours (9.00 a.m. to 6.00 p.m.) from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement. |
Announcement Info
Company Name | SUNWAY BERHAD |
Stock Name | SUNWAY |
Date Announced | 27 Dec 2013 |
Category | General Announcement |
Reference No | SS-131227-F4520 |