We refer to our announcements dated 11 May 2015 and 9 November 2015 in relation to the execution of the following agreements by Sunway Dimension Stones Sdn Bhd (“SDSSB”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway on 11 May 2015:

(a) a Share Sale and Purchase Agreement with Kelana Resorts Sdn Bhd (“KRSB”) to acquire 293,653 ordinary shares of RM1/- each, representing 100% of the issued and paid-up share capital of Cleaver Fortune Sdn Bhd from KRSB at a purchase consideration of RM282,636,030/- free from all encumbrances, charges and/or liens on the basis that CFSB is the beneficial owner of the following 4 plots of leasehold land measuring approximately 731,634 square feet:

(i) PN 92838 Lot No. 72241 Seksyen 40 (approximately 722,689 square feet) (“Lot  72241”);

(ii) H.S.(D) 238244 PT No. 194 (approximately 2,379 square feet) (“PT No. 194”);

(iii) H.S.(D) 238243 PT No. 193 (approximately 797 square feet); and

(iv) H.S.(D) 240048 PT No. 215 (approximately 5,769 square feet),

all in Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor.

(b) a Sale and Purchase Agreement with Viva Variasi Sdn Bhd, a wholly-owned subsidiary of KRSB, for the acquisition of a freehold land held under H.S. (D) 63419, PT 252, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 8,708 square feet (“Land 2”) on an as is where is basis, free from all encumbrances, charges and/or liens for a total purchase consideration of RM3,363,970/- (“Proposed Property Acquisition”).

Lot 72241, PT No. 194 and Land 2 are adjacent to each other.

The Board of Directors of Sunway is pleased to announce that the Proposed Property Acquisition by SDSSB was completed on 1 December 2015. 

This announcement is dated 3 December 2015.