BURSA ANNOUNCEMENTS

Date : 20 December 2017

OTHERS SUNWAY BERHAD ("SUNWAY") - SALE OF SHARES AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD (A SUBSIDIARY OF SUNWAY) AND KLAUS GUNTHER NEUENDORFF AND VANESSA ANNE MARCUS ("THE VENDORS")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY") 
- SALE OF SHARES AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD (A SUBSIDIARY OF SUNWAY) AND KLAUS GUNTHER NEUENDORFF AND VANESSA ANNE MARCUS ("THE VENDORS")

We wish to announce that pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Holdings Sdn Bhd (“SHSB”), a wholly-owned subsidiary of Sunway has on 20 December 2017, entered into a Sale of Shares Agreement (“SSA”) with the Vendors for the acquisition of 1,000,000 ordinary shares representing 100% of the issued and paid-up share capital in Telipok Concrete Sdn Bhd (formerly known as Telipok Lumber Industries Sdn Bhd) (“TCSB”) (Company No. 192044-U) free from all encumbrances at a total purchase consideration of RM2,900,001/- comprising RM1/- being consideration for the purchase of the shares and RM2,900,000/- being settlement of all amount due from TCSB to TCSB’s Directors (“Proposed Acquisition”).

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

This announcement is dated 20 December 2017. 




Please refer attachment below.

Attachments

SSA Telipok .pdf
214.0 kB



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 20 Dec 2017
Category General Announcement for PLC
Reference Number GA1-18122017-00060


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