Bursa Announcements

Date : 25 May 2018

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. 

 

 

 




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


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