We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway City Sdn Bhd, a wholly-owned subsidiary of Sunway has on 3 August 2017, acquired 1 ordinary share, representing 100% of the total issued and paid-up share capital of Sunglobal Resources Sdn Bhd ("Sunglobal”) for a total consideration of RM1/-. 

Sunglobal was incorporated on 25 April 2017 and its issued and paid-up share capital is RM1/- comprising 1 ordinary share. Its intended principal activity is property development.

None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the aforesaid acquisition.

This announcement is dated 3 August 2017.