OTHERS SUNWAY BERHAD ("SUNWAY") - SHARE SALE AGREEMENT BETWEEN SUNWAY LAGOON SDN BHD AND EMPLOYEES PROVIDENT FUND BOARD
SUNWAY BERHAD ("SUNWAY") - SHARE SALE AGREEMENT BETWEEN SUNWAY LAGOON SDN BHD AND EMPLOYEES PROVIDENT FUND BOARD
We wish to inform that Sunway Lagoon Sdn Bhd (“SLSB”), a subsidiary of Sunway, had on 24 October 2017, entered into a Share Sale Agreement (“SSA”) with Employees Provident Fund Board (“EPF”) where SLSB agrees to acquire 50,000 ordinary shares held by EPF 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 EPF in SSQ (“Proposed Acquisition”).
Please refer to the attachment below for further details of the Proposed Acquisition.
This announcement is dated 24 October 2017.
Please refer attachment below.
|Company Name||SUNWAY BERHAD|
|Date Announced||24 Oct 2017|
|Category||General Announcement for PLC|