Bursa Announcements
Date : 23 May 2013
OTHERS SUNWAY BERHAD ("SUNWAY") - INTERNAL REORGANISATION OF GROUP STRUCTURE
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY BERHAD ("SUNWAY") - INTERNAL REORGANISATION OF GROUP STRUCTURE |
We wish to announce that pursuant to Chapter 9, Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Leasing Sdn Bhd (“Sunway Leasing”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd (“SunH”) which in turn is a wholly-owned subsidiary of the Company has on 23 May 2013, acquired 2 ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of SWL Nominees (Tempatan) Sdn Bhd ("SWL Nominees”) from SunH, for a total cash consideration of RM2/- (“Reorganisation Exercise”). The purchase consideration is based on the cost of investment of SunH. SWL Nominees was incorporated on 28 May 1996 and its authorised and paid-up share capital are RM1,000,000/- and RM2/- respectively. The principal activity of SWL Nominees is provision of shares nominee services. Upon completion of the Reorganisation Exercise, SWL Nominees has become a direct subsidiary of Sunway Leasing. The Reorganisation Exercise is not expected to have any effect on the issued and paid-up capital of Sunway or Sunway’s substantial shareholders’ shareholdings or any material effect on the earnings, net assets or gearing of Sunway on a consolidated basis. None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the Reorganisation Exercise. This announcement is dated 23 May 2013. | |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 23 May 2013 |
| Category | General Announcement |
| Reference No | SS-130523-801E5 |