BURSA ANNOUNCEMENTS

Date : 15 December 2017

OTHERS SUNWAY BERHAD ("SUNWAY") SALE AND PURCHASE AGREEMENT BETWEEN SUNGLOBAL RESOURCES SDN BHD AND SETAPAK HEIGHTS DEVELOPMENT SDN BHD DATED 16 AUGUST 2017 ("SPA")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
SALE AND PURCHASE AGREEMENT BETWEEN SUNGLOBAL RESOURCES SDN BHD AND SETAPAK HEIGHTS DEVELOPMENT SDN BHD DATED 16 AUGUST 2017 ("SPA")

We refer to our announcement dated 16 August 2017 in relation to the acquisition of a freehold land held under No. Hakmilik H.S.(M) 73476, Lot 30353 in Mukim Setapak, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 17,578 square meters free from encumbrances and with vacant possession for a total purchase consideration of RM51,070,000/- (excluding Goods and Services Tax) by Sunglobal Resources Sdn Bhd, 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 on 15 December 2017 in accordance with the terms and conditions of the SPA.

This announcement is dated 15 December 2017. 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 15 Dec 2017
Category General Announcement for PLC
Reference Number GA1-15122017-00073


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