Bursa Announcements

Date : 18 July 2016

OTHERS SUNWAY BERHAD ("SUNWAY") - SUBSCRIPTION AND SHAREHOLDERS AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, SUNWAY IBS SDN BHD AND POPBOX ASIA PTE LTD

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY") 
- SUBSCRIPTION AND SHAREHOLDERS AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD, SUNWAY IBS SDN BHD AND POPBOX ASIA PTE LTD

The Board of Directors of Sunway wishes to announce that Sunway Holdings Sdn Bhd (“SHSB”) and Sunway IBS Sdn Bhd (“JVCo”), both subsidiaries of Sunway, have on 18 July 2016, entered into a Subscription and Shareholders Agreement (“SSA") with PopBox Asia Pte Ltd (“PopBox”) with the intention of establishing a joint venture via the JVCo to collaborate as partners for the purpose of investing in the Business (as defined below) through the JVCo as well as to regulate their respective rights and responsibilities towards the management of the Business and affairs of the JVCo (“Proposed Joint Venture”).

 

Please refer to the attachment below for further details of the Proposed Joint Venture.

 

This announcement is dated 18 July 2016.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 18 Jul 2016
Category General Announcement for PLC
Reference Number GA1-18072016-00040


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