Bursa Announcements

Date : 23 March 2022

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")

(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcement dated 23 June 2021 in relation to the Proposed Investment)

We refer to the Company’s announcements dated 23 June 2021, 14 September 2021, 5 November 2021 and 23 December 2021 in relation to the Proposed Investment.

On behalf of the Board, Maybank IB wishes to announce that the 1st Closing Conditions have been fulfilled and that 1st Closing has occurred on 23 March 2022 with Greenwood having paid the 1st tranche of the Subscription Amount of RM199,999,994.32 to Sunway Healthcare.

 

This Announcement is dated 23 March 2022.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 23 Mar 2022
Category General Announcement for PLC
Reference Number GA1-23032022-00032


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