BURSA ANNOUNCEMENTS

Date : 24 May 2019

OTHERS SUNWAY BERHAD ("SUNWAY") (1) DISCLOSURE IN RELATION TO ANY AGREEMENT, ARRANGEMENT, JOINT VENTURE OR COLLABORATION FOR THE PURPOSE OF BIDDING FOR OR SECURING A PROJECT OR CONTRACT (COLLECTIVELY KNOWN AS "VENTURES") (2) STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
(1)	DISCLOSURE IN RELATION TO ANY AGREEMENT, ARRANGEMENT, JOINT VENTURE OR COLLABORATION FOR THE PURPOSE OF BIDDING FOR OR SECURING A PROJECT OR CONTRACT (COLLECTIVELY KNOWN AS "VENTURES")
(2)	STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU")

We refer to Bursa Malaysia Securities Berhad's (“Bursa Securities”) letter dated 4 August 2006 and wish to announce the status of progress of the Ventures of Sunway Group, details as set out in Table 1 below.

 

Pursuant to Chapter 9, Paragraph 9.29 of the Main Market Listing Requirements of Bursa Securities, we also wish to announce the status of the MOU, details as set out in Table 2 below.

 

This announcement is dated 24 May 2019.

 

Table 1

 

Date of First Announcement

Subject Matter

Status 

06.09.2016

Letter of award from the Housing and Development Board of Singapore in respect of the tender of a 99-year leasehold land at Anchorvale Lane (Lot 2924T MK21), Sengkang at S$240.95 million (equivalent to approximately RM724.14 million) to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd (a subsidiary of Sunway) ["the Project”].

The Project is in progress.

 

 

15.02.2018

Collective Sale and Purchase Agreement between Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd (a subsidiary of Sunway) and the collective majority owners of Brookvale Park (as defined below) in respect of the acquisition 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 for a total consideration of S$530 million (equivalent to approximately RM1.59 billion) [“the Project”].

The Project is in progress.

12.09.2018

Letter of award from the Housing and Development Board of Singapore in respect of the tender of a 99-year leasehold land at Canberra Link (Lot 4018N MK19), Sembawang at S$271 million (equivalent to approximately RM817.17 million) to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd (a subsidiary of Sunway) [‘the Project”].

The Project is in progress.

 

 

23.01.2019

Letter of award from the Housing and Development Board of Singapore in respect of the tender of a land parcel measuring approximately 2.5 hectares or 6.2 acres at Tampines Avenue 10 (Lot 7545K MK 28), Tampines, Singapore for a 99-year lease term Executive Condominium Housing Development at S$434.45 million (equivalent to approximately RM1.32 billion) to Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd (a subsidiary of Sunway) [‘the Project”].

The Project is in progress.

 

Table 2

 

Date of First Announcement

Subject Matter

Status 

21.06.2012

Memorandum of Agreement dated 21 June 2012 between Sunway Spun Pile (Zhuhai) Co. Ltd (a subsidiary of Sunway) and Concrete Engineering Products Berhad for a potential collaboration on the production, marketing and sales of the parties’ respective products by leveraging on each other’s experience, expertise and production know-how.

No update since the last announcement made on 28 February 2019.

 

 






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 24 May 2019
Category General Announcement for PLC
Reference Number GA1-23052019-00093


Back