Bursa Announcements
Date : 27 December 2016
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - PROPOSED DISPOSAL OF A PARCEL OF LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG
SUNWAY BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | SUNWAY BERHAD ("SUNWAY") - PROPOSED DISPOSAL OF A PARCEL OF LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG |
We refer to our announcement dated 20 June 2016 in relation to the sale and purchase agreement between Commercial Parade Sdn Bhd, a subsidiary of Sunway, and RHB Trustees Berhad as trustee for Sunway Real Estate Investment Trust (“SPA”) for the disposal of a parcel of vacant land held under Pajakan Negeri 1814, Lot 5493, Mukim 1, Seberang Perai Tengah, Pulau Pinang which is adjacent to Sunway Carnival Shopping Mall situated in Seberang Jaya, Penang for a total consideration of RM17,200,000 (“Proposed Disposal”).
The Board of Directors of Sunway is pleased to announce that the Proposed Disposal was completed on 27 December 2016 in accordance with the terms and conditions of the SPA.
This announcement is dated 27 December 2016. |
Announcement Info
Company Name | SUNWAY BERHAD |
Stock Name | SUNWAY |
Date Announced | 27 Dec 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-23122016-00069 |