Bursa Announcements

Date : 05 April 2013

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES SUNWAY BERHAD (“SUNWAY” OR “COMPANY”) I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 594,552,301 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”); AND II. PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (“PROPOSED ESOS”). (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

SUNWAY BERHAD

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionSUNWAY BERHAD (“SUNWAY” OR “COMPANY”)

I. PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 594,552,301 NEW ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.70 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY THREE EXISTING ORDINARY SHARES OF RM1.00 EACH IN SUNWAY (“SUNWAY SHARES”) HELD BY SHAREHOLDERS OF SUNWAY ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE”); AND

II. PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) FOR THE ELIGIBLE EXECUTIVE DIRECTORS AND EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES (EXCLUDING DORMANT SUBSIDIARIES) (“PROPOSED ESOS”).

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of Sunway ("Board"), RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that Sunway proposes to undertake the Proposals.

Kindly refer to the attachment for the details of the Proposals.

This announcement is dated 5 April 2013.

Attachments

SUNWAY - PROPOSALS.pdf
368 KB



Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced5 Apr 2013  
CategoryGeneral Announcement
Reference NoMI-130405-66286

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