TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - ACQUISITION OF LAND AND BUILDINGS BY DAKSINA HARTA SDN BHD (A SUBSIDIARY OF SUNWAY) FROM CONCEPT HOUSING DEVELOPMENT (M) SDN BHD, A RELATED PARTY
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
SUNWAY BERHAD ("SUNWAY") - ACQUISITION OF LAND AND BUILDINGS BY DAKSINA HARTA SDN BHD (A SUBSIDIARY OF SUNWAY) FROM CONCEPT HOUSING DEVELOPMENT (M) SDN BHD, A RELATED PARTY
The Board of Directors of Sunway wishes to announce that Daksina Harta Sdn Bhd (“Purchaser”), a subsidiary of Sunway, has on 1 August 2017, entered into a Sale and Purchase Agreement (“SPA”) with Concept Housing Development (M) Sdn Bhd (“Vendor”) for the acquisition of a freehold land held under Geran No. 47813, Lot No. 1, Mukim Kajang, Daerah Ulu Langat, Negeri Selangor measuring approximately 24,281.1 square metres (before taking into account/deducting the portion of the land that was compulsorily acquired by the relevant authority measuring 2,928 square metres) (“the Land”) together with a partially completed commercial complex comprising a 3-storey podium (3 units of office space) including 1 unit of Tenaga Nasional Berhad substation, a 20-storey office Block A (17 units of office space), a 12-storey office Block B (9 units of office space) and a 10-storey car park (“the Buildings”) free from encumbrances and with vacant possession for a total purchase consideration of RM63,000,000/- (excluding Goods and Services Tax) (“Proposed Property Acquisition”).
Please refer to the attachment below for further details of the Proposed Property Acquisition.
This announcement is dated 1 August 2017.
Please refer attachment below.
|Company Name||SUNWAY BERHAD|
|Date Announced||01 Aug 2017|
|Category||General Announcement for PLC|