Bursa Announcements
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 |