BURSA ANNOUNCEMENTS

Date : 14 February 2019

OTHERS SUNWAY BERHAD ("SUNWAY") - COLLECTIVE PURCHASE OF THE LAND, ALL THE UNITS AND THE COMMON PROPERTY IN THE DEVELOPMENT KNOWN AS BROOKVALE PARK COMPRISED IN LOTS 4267K, 4268N, 4269X AND 4270K OF MUKIM 5, SINGAPORE ("BROOKVALE PARK")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
-	COLLECTIVE PURCHASE OF THE LAND, ALL THE UNITS AND THE COMMON PROPERTY IN THE DEVELOPMENT KNOWN AS BROOKVALE PARK COMPRISED IN LOTS 4267K, 4268N, 4269X AND 4270K OF MUKIM 5, SINGAPORE ("BROOKVALE PARK")

We refer to our announcement dated 15 February 2018 in relation to the execution of the Collective Sale and Purchase Agreement between Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd with the collective majority owners of Brookvale Park to acquire Brookvale Park for a total consideration of S$530.0 million (equivalent to approximately RM1.59 billion) (“Proposed Acquisition”).  

 

The Board of Directors of Sunway is pleased to announce that the Proposed Acquisition has become unconditional on 14 February 2019 in accordance with the terms and conditions of the Collective Sale and Purchase Agreement.
 
This announcement is dated 14 February 2019.

 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 14 Feb 2019
Category General Announcement for PLC
Reference Number GA1-14022019-00069


Back