Bursa Announcements

Date : 15 December 2015

OTHERS SUNWAY BERHAD (SUNWAY) (1) SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN SUNWAY ISKANDAR SDN BHD (SISB), DAIWA HOUSE MALAYSIA SDN BHD AND DAIWA SUNWAY DEVELOPMENT SDN BHD (JVCO) (2) LEASE PURCHASE AGREEMENT BETWEEN SISB AND JVCO

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description 
SUNWAY BERHAD (SUNWAY)
(1) SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN SUNWAY ISKANDAR  SDN BHD (SISB), DAIWA HOUSE MALAYSIA SDN BHD AND DAIWA SUNWAY DEVELOPMENT SDN BHD (JVCO)
(2) LEASE PURCHASE AGREEMENT BETWEEN SISB AND JVCO

(Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcement dated 11 June 2015.)

We refer to our announcement dated 11 June 2015 in relation to, inter alia, the execution of a Lease Purchase Agreement (“LPA”) between SISB with the JVCo for the disposal and transfer of the lease over the Land together with the rights and benefits of the Lease Extension and all rights of access to and from the Land and the right to use and enjoy the Land and the right to develop the Land on an “as is where is” basis but free from all encumbrances for a total sale consideration of RM63,070,000/- (excluding goods and services tax (“Proposed Disposal”).

The Board of Directors of Sunway is pleased to announce that the Proposed Disposal had been completed on 10 December 2015 in accordance with the terms and conditions of the LPA.

This announcement is dated 15 December 2015.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 15 Dec 2015
Category General Announcement for PLC
Reference Number GA1-15122015-00070


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