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