BURSA ANNOUNCEMENTS

Date : 27 February 2017

OTHERS SUNWAY BERHAD ("SUNWAY") (1) DISCLOSURE IN RELATION TO ANY AGREEMENT, ARRANGEMENT, JOINT VENTURE OR COLLABORATION FOR THE PURPOSE OF BIDDING FOR OR SECURING A PROJECT OR CONTRACT (COLLECTIVELY KNOWN AS "VENTURES") (2) STATUS OF MEMORANDUM OF UNDERSTANDING (MOU)

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
(1)	DISCLOSURE IN RELATION TO ANY AGREEMENT, ARRANGEMENT, JOINT VENTURE OR COLLABORATION FOR THE PURPOSE OF BIDDING FOR OR SECURING A PROJECT OR CONTRACT (COLLECTIVELY KNOWN AS "VENTURES")
(2)	STATUS OF MEMORANDUM OF UNDERSTANDING (MOU)

We refer to Bursa Malaysia Securities Berhad's (“Bursa Securities”) letter dated 4 August 2006 and wish to announce the status of progress of the Ventures of Sunway Group, details as set out in Table 1 below.

 

Pursuant to Chapter 9, Paragraph 9.29 of the Main Market Listing Requirements of Bursa Securities, we also wish to announce the status of the MOU, details as set out in Table 2 below.

 

This announcement is dated 27 February 2017.

Table 1

Date of First Announcement Subject Matter Status 
7.12.2012 Letter of Award from Urban Redevelopment Authority of Singapore in respect of the tender of Land Parcel at Thomson Road/Irrawaddy Road for a 99-year lease term at S$492.5 million (equivalent to approximately RM1,231.25 million) to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd (a subsidiary of Sunway) and Hoi Hup J.V. Development Pte Ltd, which jointly submitted the tender (“the Project”). The Project is in progress.
17.09.2013 Letter of award from Urban Redevelopment Authority of Singapore in respect of the tender of Land Parcel at Mount Sophia, known as Land Parcel 875 for a 99-year lease term at S$442.28 million (equivalent to approximately RM1.132 billion) to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd (a subsidiary of Sunway) and S C Wong Holdings Pte Ltd, which jointly submitted the tender (“the Project”). The Project is in progress.
06.09.2016 Letter of award from the Housing and Development Board of Singapore in respect of the tender of a 99-year leasehold land at Anchorvale Lane (Lot 2924T MK21), Sengkang at S$240.95 million (equivalent to approximately RM724.14 million) to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd (a subsidiary of Sunway) (‘the Project”). The Project is in progress.

Table 2

Date of First Announcement Subject Matter Status 
08.10.2007

MOU dated 3 October 2007 between Sunway Holdings Sdn Bhd (a subsidiary of Sunway) and the Government of the Republic of Trinidad and Tobago to record their mutual understanding and commitment to enter into commercial discussions with each other in respect of certain agreed areas of collaboration pending the negotiation and execution of the relevant binding agreements.

No update since the last announcement made on 28 November 2016.
21.06.2012 Memorandum of Agreement dated 21 June 2012 between Sunway Spun Pile (Zhuhai) Co. Ltd (a subsidiary of Sunway) and Concrete Engineering Products Berhad for a potential collaboration on the production, marketing and sales of the parties’ respective products by leveraging on each other’s experience, expertise and production know-how. No update since the last announcement made on 28 November 2016.

 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 27 Feb 2017
Category General Announcement for PLC
Reference Number GA1-27022017-00021


Back