The Board of Directors of Sunway wishes to announce that Sunway Medical Centre Kota Bharu Sdn Bhd, a subsidiary of Sunway, has on 28 July 2020, entered into a Sale and Purchase Agreement with Liziz Standaco Sdn Bhd for the acquisition of a leasehold land of 99 years expiring on 20 August 2102 held under Pajakan Negeri 12272 Lot 10047, Seksyen 17, Bandar Kota Bahru, Jajahan Kota Bahru, Negeri Kelantan measuring approximately 3.811 hectares (38,110 square metres) for a purchase consideration of RM28,704,410  free from encumbrances and with vacant possession (“Proposed Acquisition”).

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

This announcement is dated 28 July 2020.