BURSA ANNOUNCEMENTS

Date : 23 June 2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY" OR "COMPANY") PROPOSED INVESTMENT BY GREENWOOD CAPITAL PTE LTD ("GREENWOOD"), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF GIC (VENTURES) PTE LTD ("GIC VENTURES"), IN SUNWAY HEALTHCARE HOLDINGS SDN BHD ("SUNWAY HEALTHCARE"), A WHOLLY OWNED SUBSIDIARY OF SUNWAY CITY SDN BHD ("SUNWAY CITY") WHICH IN TURN IS A WHOLLY OWNED SUBSIDIARY OF SUNWAY, FOR A TOTAL SUBSCRIPTION CONSIDERATION OF RM750.0 MILLION IN CASH ("PROPOSED INVESTMENT")

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNWAY BERHAD ("SUNWAY" OR "COMPANY") 

PROPOSED INVESTMENT BY GREENWOOD CAPITAL PTE LTD ("GREENWOOD"), AN INDIRECT WHOLLY OWNED SUBSIDIARY OF GIC (VENTURES) PTE LTD ("GIC VENTURES"), IN SUNWAY HEALTHCARE HOLDINGS SDN BHD ("SUNWAY HEALTHCARE"), A WHOLLY OWNED SUBSIDIARY OF SUNWAY CITY SDN BHD ("SUNWAY CITY") WHICH IN TURN IS A WHOLLY OWNED SUBSIDIARY OF SUNWAY, FOR A TOTAL SUBSCRIPTION CONSIDERATION OF RM750.0 MILLION IN CASH ("PROPOSED INVESTMENT")

On behalf of the Board of Directors of Sunway, Maybank Investment Bank Berhad wishes to announce that Sunway, Sunway City, Sunway Healthcare and Greenwood have today entered into a share subscription agreement for the subscription of 100,000,000 ordinary shares in Sunway Healthcare, 10,000,000 irredeemable convertible preference shares in Sunway Healthcare and 1 cumulative irredeemable dividend convertible preference share in Sunway Healthcare by Greenwood for a total subscription consideration of RM750.0 million in cash, which will collectively give Greenwood a 16.0% equity interest in Sunway Healthcare on a fully converted basis.

Please refer to the attachment below for details of the Proposed Investment.

This announcement is dated 23 June 2021.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 23 Jun 2021
Category General Announcement for PLC
Reference Number GA1-23062021-00028


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