BURSA ANNOUNCEMENTS

Date : 10 March 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS SUNWAY BERHAD (“SUNWAY”) - VARIATION BETWEEN THE ACTUAL VALUE AND THE ESTIMATED VALUE BY 10% OR MORE OF THE RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

SUNWAY BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionSUNWAY BERHAD (“SUNWAY”)
- VARIATION BETWEEN THE ACTUAL VALUE AND THE ESTIMATED VALUE BY 10% OR MORE OF THE RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

We refer to Sunway’s Circular to Shareholders in relation to the Proposed Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) dated 5 June 2013. The shareholders of Sunway at the Company’s Third Annual General Meeting held on 27 June 2013, has approved the ordinary resolution on the Proposed Shareholders’ Mandate.

Pursuant to Paragraph 10.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and Practice Note 12, Sunway wishes to announce that the actual value of the recurrent related party transaction (“RRPT”) as set out in the RRPT table attached, had exceeded the estimated value as disclosed in the Circular to Shareholders by more than 10% due to the additional funding required to purchase information technology equipment.


This announcement is dated 10 March 2014.

 

 



Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoSS-140310-49897

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