Bursa Announcements
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - PROPOSED ACQUISITION OF RESIDENTIAL UNITS BY SUNGLOBAL RESOURCES SDN BHD (A SUBSIDIARY OF SUNWAY) FROM SETAPAK HEIGHTS DEVELOPMENT SDN BHD (A RELATED PARTY)
SUNWAY BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | SUNWAY BERHAD ("SUNWAY") - PROPOSED ACQUISITION OF RESIDENTIAL UNITS BY SUNGLOBAL RESOURCES SDN BHD (A SUBSIDIARY OF SUNWAY) FROM SETAPAK HEIGHTS DEVELOPMENT SDN BHD (A RELATED PARTY) |
The Board of Directors of Sunway wishes to announce that Sunglobal Resources Sdn Bhd (“Sunglobal”), a subsidiary of Sunway, has on 25 May 2018, entered into a Master Sale and Purchase Agreement (“SPA”) with Setapak Heights Development Sdn Bhd (“Setapak Heights”) for the acquisition of 47 completed individual residential units of Residensi Infiniti 3 (“Parcels”) developed by Setapak Heights on a leasehold land of 99 years expiring on 24 February 2109 held under Pajakan Negeri 50980 Lot 200649 Mukim Setapak, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan (“Land”) on an “as is where is” basis and free from encumbrances and with vacant possession for a total purchase consideration of RM45,795,860/- (“Proposed Acquisition”). Please refer to the attachment below for further details of the Proposed Acquisition. This announcement is dated 25 May 2018.
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Please refer attachment below.
Announcement Info
Company Name | SUNWAY BERHAD |
Stock Name | SUNWAY |
Date Announced | 25 May 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-25052018-00095 |