BURSA ANNOUNCEMENTS

Date : 26 November 2014

OTHERS SUNWAY BERHAD (“SUNWAY”) • SALE AND PURCHASE AGREEMENT FOR THE PROPOSED DISPOSAL OF EQUITY INTEREST BY SUNWAY GLOBAL LIMITED, A SUBSIDIARY OF SUNWAY IN SUNWAY BUILDING MATERIALS (SHANGHAI) CO LTD

SUNWAY BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
• SALE AND PURCHASE AGREEMENT FOR THE PROPOSED DISPOSAL OF EQUITY INTEREST BY SUNWAY GLOBAL LIMITED, A SUBSIDIARY OF SUNWAY IN SUNWAY BUILDING MATERIALS (SHANGHAI) CO LTD

We refer to our announcement dated 12 November 2014 in relation to the Share and Purchase Agreement (“SPA”) between Sunway Global Limited, a 98.75% owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a subsidiary of Sunway and Hong Kong Cheung Hung Metal & Plastic Products Co. Ltd. (“the Purchaser”) for the disposal of its 100% equity interest in Sunway Building Materials (Shanghai) Co Ltd to the Purchaser for a total cash consideration of RMB5.5 million (equivalent to approximately RM2,945,800/-) [hereinafter referred to as “Proposed Disposal”].

The Board of Directors of Sunway is pleased to announce that the Proposed Disposal was completed on 26 November 2014 in accordance with the SPA.

This announcement is dated 26 November 2014.

 

 

 



Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced26 Nov 2014  
CategoryGeneral Announcement
Reference NoSS-141126-30D83

Back