SUNWAY

5.480

+0.05 (+0.9%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD ("SUNWAY") CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY SUNWAY TO ACQUIRE ALL THE ORDINARY SHARES IN IJM CORPORATION BERHAD (EXCLUDING TREASURY SHARES) ("PROPOSED OFFER")

SUNWAY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNWAY BERHAD ("SUNWAY")

CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY SUNWAY TO ACQUIRE ALL THE ORDINARY SHARES IN IJM CORPORATION BERHAD (EXCLUDING TREASURY SHARES) ("PROPOSED OFFER")

We refer to the Company’s announcements dated 12 January 2026, 3 February 2026 and 11 February 2026 in relation to the Proposed Offer as well as the offer document dated 3 February 2026 which contains the details, terms and conditions of the Proposed Offer (“Offer Document”). Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Offer Document.

 

On behalf of Sunway, Maybank IB wishes to inform that the Board of Sunway has on 25 February 2026, declared a single-tier second interim cash dividend in respect of the FYE 31 December 2025 of 2 sen per Sunway Share (“Sunway Cash Dividend”). The entitlement date and payment date of the Sunway Cash Dividend are 19 March 2026 and 16 April 2026, respectively.

 

As stated in Section 2.1 of the Offer Document, if the Offeror declares, makes or pays any Distribution (save for the Proposed Sunway Distribution) on or after the date of the Notice but prior to the Closing Date, Sunway will increase the Cash Consideration by the amount equivalent to the net Distribution per Sunway Share multiplied by the number of Consideration Shares for which a Holder of each Offer Share would receive for accepting the Proposed Offer. There will be no change to the Issue Price or number of Consideration Shares.

 

Accordingly, following the declaration of the Sunway Cash Dividend, as there is no adjustment to the Issue Price or number of Consideration Shares, the Offer Price of RM3.15 per Offer Share shall be satisfied in the following manner:

 

(a) In respect of the Cash Consideration (representing 10% of the Offer Price)

:

The Cash Consideration shall be increased by approximately RM0.0100 per Offer Share from RM0.3150 per Offer Share to approximately RM0.3250 per Offer Share (“Adjusted Cash Consideration”), being the net distribution of 2 sen per Sunway Share multiplied by the number of Consideration Shares which a Holder of each Offer Share would receive for accepting the Offer.

 

(b) In respect of the Consideration Shares (representing 90% of the Offer Price)

:

The Consideration Shares shall be issued at the Issue Price of RM5.65 per Sunway Share to satisfy 90% of the Offer Price of RM3.15 per Offer Share, being RM2.8350 per Offer Share.

 

 

Please refer to the attached press notice dated 25 February 2026 for further information.

 

This announcement is dated 25 February 2026.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 25 Feb 2026
Category General Announcement for PLC
Reference Number GA1-25022026-00129