Bursa Announcements
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 |
Type | Announcement |
Subject | OTHERS |
Description | 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”) |
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.
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.
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Announcement Info
Company Name | SUNWAY BERHAD |
Stock Name | SUNWAY |
Date Announced | 7 Nov 2014 |
Category | General Announcement |
Reference No | MI-141107-47641 |