Bursa Announcements
Date : 29 June 2020
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") - PROPOSED DISPOSAL OF THE PINNACLE SUNWAY BY SUNWAY INTEGRATED PROPERTIES SDN BHD ("SUNWAY INTEGRATED PROPERTIES") AND SUNWAY PINNACLE SDN BHD ("SUNWAY PINNACLE") FOR A CASH CONSIDERATION OF RM450.0 MILLION
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SUNWAY BERHAD ("SUNWAY")
- PROPOSED DISPOSAL OF THE PINNACLE SUNWAY BY SUNWAY INTEGRATED PROPERTIES SDN BHD ("SUNWAY INTEGRATED PROPERTIES") AND SUNWAY PINNACLE SDN BHD ("SUNWAY PINNACLE") FOR A CASH CONSIDERATION OF RM450.0 MILLION |
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The Board of Directors of Sunway wishes to announce that Sunway Integrated Properties and Sunway Pinnacle, both of which are wholly-owned indirect subsidiaries of Sunway, had on 29 June 2020 entered into a conditional sale and purchase agreement with RHB Trustees Berhad, being the trustee of Sunway Real Estate Investment Trust, for the disposal of The Pinnacle Sunway for a cash consideration of RM450.0 million (“Proposed Disposal”).
Please refer to the attachment below for the details of the Proposed Disposal.
This announcement is dated 29 June 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 29 Jun 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29062020-00129 |