Bursa Announcements

Date : 20 September 2013

OTHERS SUNWAY BERHAD (“SUNWAY”) - ACCEPTANCE OF TERM LOAN FACILITIES GRANTED BY DBS BANK LTD, LABUAN BRANCH TO SUNWAY TREASURY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY

SUNWAY BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
- ACCEPTANCE OF TERM LOAN FACILITIES GRANTED BY DBS BANK LTD, LABUAN BRANCH TO SUNWAY TREASURY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY
Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunway wishes to announce that Sunway Treasury Sdn Bhd (“Sunway Treasury”), a wholly-owned subsidiary of Sunway, has secured the following Term Loan Facilities of SGD90,000,000/- from DBS Bank Ltd, Labuan Branch for the undermentioned purposes:
Facility
Amount
(SGD)
Purpose
Term Loan 1
Term Loan 2
25,000,000
25,000,000
To facilitate Sunway and its subsidiaries (“Sunway Group”) to part-finance the construction of the buildings at Sunway University campus and for working capital requirements.
Term Loan 3
40,000,000
To reimburse Sunway Group for construction costs after the completion of the new buildings at Sunway University campus and for working capital requirements.
Total Term Loan
90,000,000
Sunway Treasury has an authorised and paid-up share capital of RM5,000,000/- and RM2,500,002/- respectively. The principal activity of Sunway Treasury is to provide financial services to Sunway Group.

This announcement is dated 20 September 2013.


Announcement Info

Company NameSUNWAY BERHAD  
Stock Name SUNWAY    
Date Announced20 Sept 2013  
CategoryGeneral Announcement
Reference NoSS-130920-5127B

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