BURSA ANNOUNCEMENTS

Date : 25 October 2019

OTHERS SUNWAY BERHAD ("SUNWAY") - ESTABLISHMENT OF A PRIVATE TRUST IN SINGAPORE

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY")
 - ESTABLISHMENT OF A PRIVATE TRUST IN SINGAPORE

We refer to our announcements dated 16 October 2019 and 23 October 2019 in relation to the establishment of a private trust known as Sunway Residence Trust (Trust) in Singapore.

 

The Board of Directors of Sunway wishes to announce that Sunway RE Capital Advisors (SG) Pte Ltd (SG Fund Manager), a subsidiary of Sunway, has on 24 October 2019, incorporated a company known as Sunway RE Capital Advisors (UK) Limited (UK Fund Manager) in the United Kingdom (UK) to provide fund management services in the UK.

 

The UK Fund Manager has issued share capital of 100,000 comprising 100,000 ordinary shares of 1 each. Its principal activity is provision of fund management services. Its shareholders are the SG Fund Manager and Mansion Property Management Limited with equity stake of 85% and 15% respectively.

 

None of the directors or major shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the aforesaid incorporation.

 

This announcement is dated 25 October 2019.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 25 Oct 2019
Category General Announcement for PLC
Reference Number GA1-23102019-00026


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