TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD (“SUNWAY”) - ACQUISITION OF LAND BY SUNWAY CITY (PENANG) SDN BHD, A SUBSIDIARY OF SUNWAY
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)|
NON RELATED PARTY TRANSACTIONS
|Description||SUNWAY BERHAD (“SUNWAY”)|
- ACQUISITION OF LAND BY SUNWAY CITY (PENANG) SDN BHD, A SUBSIDIARY OF SUNWAY
We refer to our announcements dated 17 December 2013 and 27 December 2013 in relation to the successful bidding by Sunway City (Penang) Sdn Bhd, a wholly-owned subsidiary of Sunway City Sdn Bhd which in turn is wholly-owned by Sunway for the following 4 parcels of freehold land held under the following titles together with the existing buildings, plant nurseries and other structures erected thereon from Luxor Precision Sdn Bhd for a total purchase consideration of RM267,418,000/- (“the Acquisition”):
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.
This announcement is dated 27 March 2014.
The Board of Directors of Sunway is pleased to announce that the Acquisition is completed on 27 March 2014 in accordance with the Sale and Purchase Agreement dated 27 December 2013 between Sunway City (Penang) Sdn Bhd and Luxor Precision Sdn Bhd.
|Company Name||SUNWAY BERHAD|
|Date Announced||27 Mar 2014|