BURSA ANNOUNCEMENTS

Date : 14 September 2021

OTHERS SUNWAY BERHAD ("SUNWAY") - SHARE SALE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SUNWAY) AND KHOO AH THIM @ KHOO CHAI THIAM, KHOO CHAI EE, KHOO CHAI HENG, KHOO CHAI KIAT, KHOO CHAI PEK, LEE BANG SING, PENG GAI HOCK, SOH TIAN SONG AND TOH SOON SENG (COLLECTIVELY, "WINSTAR VENDORS")

SUNWAY BERHAD

Type Announcement
Subject OTHERS
Description
SUNWAY BERHAD ("SUNWAY") 
- SHARE SALE AGREEMENT BETWEEN SUNWAY HOLDINGS SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SUNWAY) AND KHOO AH THIM @ KHOO CHAI THIAM, KHOO CHAI EE, KHOO CHAI HENG, KHOO CHAI KIAT, KHOO CHAI PEK, LEE BANG SING, PENG GAI HOCK, SOH TIAN SONG AND TOH SOON SENG (COLLECTIVELY, "WINSTAR VENDORS")

We refer to our announcements dated 9 April 2015, 15 September 2015, 18 September 2015, 18 September 2017 and 18 September 2018 in relation to the acquisition of 5,373,983 ordinary shares of Sunway Winstar Sdn Bhd (SWSB) by Sunway Holdings Sdn Bhd (SunHoldings), a wholly-owned subsidiary of Sunway, from the Winstar Vendors.

 

We wish to announce that the Winstar Vendors (including its permitted successor) have exercised their put options to require SunHoldings to purchase their remaining shares of 1,343,489 ordinary shares (Option Shares) in SWSB at the total option price amounting to RM22,132,418/- as provided in the second supplemental agreement dated 15 September 2015 made between SunHoldings and the Winstar Vendors.

 

The sale and purchase of the Option Shares was completed on 14 September 2021. Consequently, the total shares held by SunHoldings and its wholly-owned subsidiary, Sunway Marketing Sdn Bhd in SWSB, have increased to 98.86%.

 

This announcement is dated 14 September 2021.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 14 Sep 2021
Category General Announcement for PLC
Reference Number GA1-14092021-00008


Back