OTHERS SUNWAY BERHAD ("SUNWAY") - PROPOSED ACQUISITION OF COMPANY
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.
|Company Name||SUNWAY BERHAD|
|Date Announced||29 Mar 2019|
|Category||General Announcement for PLC|