BURSA ANNOUNCEMENTS

Date : 10 October 2017

OTHERS SUNWAY BERHAD (SUNWAY) - SHARE SALE AGREEMENT BETWEEN SUNWAY LAGOON SDN BHD AND KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD (SUNWAY)
- SHARE SALE AGREEMENT BETWEEN SUNWAY LAGOON SDN BHD AND KUWAIT FINANCE HOUSE (MALAYSIA) BERHAD

We wish to inform that Sunway Lagoon Sdn Bhd (SLSB), a subsidiary of Sunway, had on 10 October 2017, entered into a Share Sale Agreement (SSA) with Kuwait Finance House (Malaysia) Sdn Bhd (KFH) where SLSB agrees to acquire 50,000 ordinary shares held by KFH in Sunway South Quay Sdn Bhd (SSQ), representing 20% of the share capital of SSQ, at a purchase consideration of RM136,649,000 and repay on behalf of SSQ, a sum of RM73,351,000 in cash towards the settlement of the Musyarakah Capital invested by KFH in SSQ ("Proposed Acquisition").

Please refer to the attachment below for further details of the Proposed Acquisition.

This announcement is dated 10 October 2017.




Please refer attachment below.

Attachments

Proposed Acquisition.pdf
144.0 kB



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 10 Oct 2017
Category General Announcement for PLC
Reference Number GA1-10102017-00103


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