TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY INNOPARK SDN BHD (FORMERLY KNOWN AS SUN-BLOCK (BATANG KALI) SDN BHD) (A SUBSIDIARY OF SUNWAY), LGT SDN BHD, TAN SRI LIM KOK THAY, PUAN SRI DATIN SERI LIM (NEE LEE) KIM HUA, YARRAVILLE SDN BHD, DANDENONG SDN BHD AND RIPPONLEA SDN BHD
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
SUNWAY BERHAD ("SUNWAY") SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY INNOPARK SDN BHD (FORMERLY KNOWN AS SUN-BLOCK (BATANG KALI) SDN BHD) (A SUBSIDIARY OF SUNWAY), LGT SDN BHD, TAN SRI LIM KOK THAY, PUAN SRI DATIN SERI LIM (NEE LEE) KIM HUA, YARRAVILLE SDN BHD, DANDENONG SDN BHD AND RIPPONLEA SDN BHD
The Board of Directors of Sunway wishes to announce that Sunway Innopark Sdn Bhd (formerly known as Sun-Block (Batang Kali) Sdn Bhd) (Purchaser), a wholly-owned subsidiary of Sunway City Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 13 July 2017, entered into a Sale and Purchase Agreement (SPA) with LGT Sdn Bhd (the Registered Owner) and Tan Sri Lim Kok Thay, Puan Sri Datin Seri Lim (Nee Lee) Kim Hua, Yarraville Sdn Bhd (Yarraville), Dandenong Sdn Bhd (Dandenong) and Ripponlea Sdn Bhd (Ripponlea) (collectively the Beneficial Owners) for the acquisition of a freehold land held under Geran No.78658, Lot No. 20010, Seksyen 69 Bandar Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 18,332 square meters (the Land) free from encumbrances on an as is where is basis for a total purchase consideration of RM165,000,000/- (excluding Goods and Services Tax) (Proposed Land Acquisition).
The Registered Owner and the Beneficial Owners shall collectively be referred to as the Vendor.
Please refer to the attachment below for further details of the Proposed Land Acquisition.
This announcement is dated 13 July 2017.
Please refer attachment below.
|Company Name||SUNWAY BERHAD|
|Date Announced||13 Jul 2017|
|Category||General Announcement for PLC|