BURSA ANNOUNCEMENTS

Date : 03 June 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 3 June 2019, entered into a Share Sale Agreement (“SSA”) with Dolomite Industries Company Sdn Bhd (“the Vendor”), a subsidiary of Dolomite Corporation Berhad, to acquire 100 ordinary shares in Dolomite Granite Quarry Sdn Bhd (“Dolomite Quarry”) (“Sale Shares”) representing 100% of the total issued and paid-up share capital of Dolomite Quarry together with 4 parcels of leasehold lands measuring approximately 784 acres (“Lands”) and the plants and machinery located on the Lands but excluding premix plant and mobile machinery and equipment and stocks located on the Lands as listed in the SSA (“Plant and Machinery”), free from all charges and encumbrances in the following manner (“Proposed Acquisition”):

 

a) RM100.00 for the Sale Shares; and

b) RM125,000,000.00 towards payment for the Lands and the Plant and Machinery.

 

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

 

This announcement is dated 3 June 2019.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 03 Jun 2019
Category General Announcement for PLC
Reference Number GA1-17052019-00028


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