Bursa Announcements
Date : 01 July 2019
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - PRIVATISATION AGREEMENT BETWEEN PERBADANAN KEMAJUAN NEGERI SELANGOR (A RELATED PARTY) AND SUNWAY PKNS SDN BHD, A SUBSIDIARY OF SUNWAY
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SUNWAY BERHAD ("SUNWAY")
- PRIVATISATION AGREEMENT BETWEEN PERBADANAN KEMAJUAN NEGERI SELANGOR (A RELATED PARTY) AND SUNWAY PKNS SDN BHD, A SUBSIDIARY OF SUNWAY |
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The Board of Directors of Sunway wishes to announce that Sunway PKNS Sdn Bhd (“Sunway PKNS”), a subsidiary of Sunway, has on 1 July 2019, entered into a Privatisation Agreement (“PA”) with Perbadanan Kemajuan Negeri Selangor (“PKNS”) to accept the rights to develop the leasehold land held under master title identified as PN97868, Lot 50202, Pekan Baru Sungai Buloh, District of Petaling, Selangor Darul Ehsan measuring approximately 9.458 acres (“Land”).
Please refer to the attachment for the details of the Privatisation Agreement with PKNS.
This announcement is dated 1 July 2019.
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Please refer attachment below.
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 01 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01072019-00038 |