BURSA ANNOUNCEMENTS

Date : 29 March 2019

OTHERS SUNWAY BERHAD ("SUNWAY") - PROPOSED ACQUISITION OF COMPANY

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY") 
-  PROPOSED ACQUISITION OF COMPANY

The Board of Directors of Sunway wishes to announce that Sunway Holdings Sdn Bhd (SunHoldings), a wholly-owned subsidiary of Sunway, has on 29 March 2019 entered into a Share Sale Agreement (SSA) with Datin Sri Lau Lai San, Ms Chu Yuen Leng and Ms Chu Yuen Mun (collectively referred to as the Vendors) to acquire 1,000,000 ordinary shares (Sale Shares) representing 100% of the total issued and paid-up share capital of Blacktop Industries Sdn Bhd (BISB) in 2 tranches for a total indicative purchase consideration of RM70,091,545.77 (Indicative Total Purchase Consideration) (Proposed  Acquisition).

 

Please refer to the attachment below for further details of the Proposed Acquisition.

 

This announcement is dated 29 March 2019.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 29 Mar 2019
Category General Announcement for PLC
Reference Number GA1-29032019-00013


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