Bursa Announcements
Date : 08 April 2016
OTHERS SUNWAY BERHAD ("SUNWAY") - COMPLETION ON SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY AND LEAN HOEN SEW, CHEW PEK TEONG AND MOHD BAKRI BIN AB MUDA @ NAZRI (COLLECTIVELY, KNOWN AS THE "VENDORS")
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY BERHAD ("SUNWAY")
- COMPLETION ON SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY AND LEAN HOEN SEW, CHEW PEK TEONG AND MOHD BAKRI BIN AB MUDA @ NAZRI (COLLECTIVELY, KNOWN AS THE "VENDORS") |
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We refer to our announcements dated 9 April 2015 and 2 February 2016 in relation to the Share Sale and Purchase Agreement (“SPA”) between Sunway Holdings Sdn Bhd ("SunHoldings"), a wholly-owned subsidiary of Sunway, and the Vendors for the acquisition of 150,000 ordinary shares of RM1.00 each representing 100% of the equity interest in Pasir Mas Holdings Sdn Bhd ("Pasir Mas") for a total cash consideration of RM1,750,000 (hereinafter referred to as "the Acquisition"). The Board of Directors of Sunway is pleased to announce that the Acquisition was completed on 8 April 2016. Consequently, Pasir Mas has become a wholly-owned subsidiary of SunHoldings. This announcement is dated 8 April 2016. |
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Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 08 Apr 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08042016-00013 |