BURSA ANNOUNCEMENTS

Date : 01 August 2017

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

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
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.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 01 Aug 2017
Category General Announcement for PLC
Reference Number GA1-31072017-00148


Back