OTHERS SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY") - VARIATION OF UTILISATION OF PROCEEDS RAISED FROM THE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES
SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY") - VARIATION OF UTILISATION OF PROCEEDS RAISED FROM THE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES
We refer to the Company’s announcements dated 27 May 2020, 6 July 2020, 9 July 2020, 10 August 2020, 2 September 2020, 9 September 2020, 2 October 2020, 22 October 2020, 2 December 2020 and 8 December 2020 (“Announcements”) and the Circular to Shareholders of the Company dated 11 August 2020 (“Circular”) in relation to the rights issue of irredeemable convertible preference shares in Sunway which was completed on 8 December 2020 (“Rights Issue of ICPS”). Unless otherwise stated, the abbreviations and definitions used in the Announcements and Circular shall have the same meanings as those previously defined.
Pursuant to the Rights Issue of ICPS, the Company had raised a total gross proceeds of approximately RM977.8 million. As at 30 June 2021, approximately RM164.2 million of the proceeds raised from the Rights Issue of ICPS which had been earmarked for capital expenditure to expand and develop hospitals of Sunway Group (“Hospital Allocation”) remains unutilised.
Please refer to the attachment below for further details of the Variation.
This announcement is dated 29 July 2021.
Please refer attachment below.
|Company Name||SUNWAY BERHAD|
|Date Announced||29 Jul 2021|
|Category||General Announcement for PLC|