Bursa Announcements

Date : 12 November 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY TOTALRUBBER LTD, KERLEX PTY LTD, B SPURRELL PTY LTD AND PACIFIC FLOW TECHNOLOGY PTY LTD ("SSPA")

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNWAY BERHAD ("SUNWAY")
- SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY TOTALRUBBER LTD, KERLEX PTY LTD, B SPURRELL PTY LTD AND PACIFIC FLOW TECHNOLOGY PTY LTD ("SSPA")

We refer to our announcement made on 26 October 2018 in relation to the disposal of the entire shareholding of Pacific Flow Technology Pty Ltd (“PFTPL”) comprising 80 ordinary shares which represent 80% of the issued and paid-up share capital of PFTPL by Sunway TotalRubber Ltd, a subsidiary of Sunway, to Kerlex Pty Ltd and B Spurrell Pty Ltd for a total consideration of A$220,000, approximately RM646,000 (“Proposed Disposal”).  

The Board of Directors of Sunway is pleased to announce that the Proposed Disposal was completed on 9 November 2018 in accordance with the terms and conditions of the SSPA. Following the completion of the Proposed Disposal, PFTPL has ceased to be a subsidiary of Sunway. 

This announcement is dated 12 November 2018.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 12 Nov 2018
Category General Announcement for PLC
Reference Number GA1-12112018-00063


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