Bursa Announcements

Date : 07 November 2014

OTHERS SUNWAY BERHAD (“SUNWAY” OR “COMPANY”) PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SUNWAY CONSTRUCTION SDN BHD (“SUNCON”) (INCLUDING ITS SUBSIDIARIES, UNINCORPORATED JOINT VENTURES AND UNINCORPORATED CONSORTIUM) BY SUNWAY HOLDINGS SDN BHD (“SUNHOLDINGS”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO SUNWAY CONSTRUCTION GROUP BERHAD, A WHOLLY-OWNED SUBSIDIARY OF SUNHOLDINGS (“SCG”) (“PROPOSED TRANSFER OF SUNCON”)

SUNWAY BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY” OR “COMPANY”)

PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SUNWAY CONSTRUCTION SDN BHD (“SUNCON”) (INCLUDING ITS SUBSIDIARIES, UNINCORPORATED JOINT VENTURES AND UNINCORPORATED CONSORTIUM) BY SUNWAY HOLDINGS SDN BHD (“SUNHOLDINGS”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO SUNWAY CONSTRUCTION GROUP BERHAD, A WHOLLY-OWNED SUBSIDIARY OF SUNHOLDINGS (“SCG”) (“PROPOSED TRANSFER OF SUNCON”)

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Sunway Construction Group Berhad (“Securities”) in the United States of America (“United States”), Australia, Canada, Japan or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“Securities Act”), or the laws of any state of the United States. Consequently, the Securities are being offered and sold only outside the United States in offshore transactions pursuant to Regulation S under the Securities Act.


We refer to the announcement made on behalf of the Board of Directors
of Sunway by RHB Investment Bank Berhad on 19 September 2014 in relation to, amongst others, the Proposed Transfer of SunCon (“Initial Announcement”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Initial Announcement.

As stipulated in the Initial Announcement, SCG and SunHoldings will undertake the Proposed Transfer of SunCon prior to the Proposed Offering and the Proposed Listing.  Hence, on 7 November 2014, SCG and SunHoldings have entered into a conditional share sale agreement setting out the terms and conditions of the Proposed Transfer of SunCon.

Further details of the SunCon SSA are set out in the attachment below.

This announcement is dated 7 November 2014. 

 



Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced7 Nov 2014  
CategoryGeneral Announcement
Reference NoMI-141107-47641

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