We refer to our announcement dated 20 December 2017 in relation to 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”). 

The Board of Directors of Sunway is pleased to announce that the Proposed Acquisition has been completed on 6 August 2018 in accordance with the terms and conditions of the SPA. 

This announcement is dated 6 August 2018.