BURSA ANNOUNCEMENTS

Date : 09 October 2017

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 ("SPA")

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
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 ("SPA")

We refer to our announcement dated 13 July 2017 in relation to 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 free from encumbrances on an ‘as is where is’ basis for a total purchase consideration of RM165,000,000/- (excluding Goods and Services Tax) (“Purchase Price”) by Sunway Innopark Sdn Bhd (formerly known as Sun-Block (Batang Kali) Sdn Bhd) (“the Purchaser”), a wholly-owned subsidiary of Sunway City Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway (“Proposed Land Acquisition”).

The Board of Directors of Sunway is pleased to announce that the Proposed Land Acquisition has been completed in accordance with the terms and conditions of the SPA.

This announcement is dated 9 October 2017.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 09 Oct 2017
Category General Announcement for PLC
Reference Number GA1-29092017-00080


Back