TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNSURIA BERHAD ("Sunsuria or Company") - REVOCATION OF JOINT VENTURE AGREEMENT DATED 6 MAY 2016 MADE BETWEEN SUNSURIA CITY SDN. BHD. ("SCSB"), SUNSURIA GATEWAY SDN. BHD. ("SGSB") AND WELCOME GLOBAL CO. LTD. ("WELCOME GLOBAL") VIA SUNSURIA EVERRICH SDN. BHD. ("SESB") FOR THE PROPOSED DEVELOPMENT OF A PIECE OF LAND MEASURING APPROXIMATELY 8.48 ACRES LOCATED AT SALAK TINGGI, PUTRAJAYA SOUTH OWNED BY SCSB ("LAND") - PROPOSED ACQUISITION OF THE LAND BY SESB FROM SCSB
| SUNSURIA BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SUNSURIA BERHAD ("Sunsuria or Company")
- REVOCATION OF JOINT VENTURE AGREEMENT DATED 6 MAY 2016 MADE BETWEEN SUNSURIA CITY SDN. BHD. ("SCSB"), SUNSURIA GATEWAY SDN. BHD. ("SGSB") AND WELCOME GLOBAL CO. LTD. ("WELCOME GLOBAL") VIA SUNSURIA EVERRICH SDN. BHD. ("SESB") FOR THE PROPOSED DEVELOPMENT OF A PIECE OF LAND MEASURING APPROXIMATELY 8.48 ACRES LOCATED AT SALAK TINGGI, PUTRAJAYA SOUTH OWNED BY SCSB ("LAND")
- PROPOSED ACQUISITION OF THE LAND BY SESB FROM SCSB |
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The Board of Directors wishes to announce the following:
a) SCSB, SGSB and Welcome Global had on 27 November 2019 entered into a Supplemental Agreement in relation to the Shareholders Agreement dated 6 May 2016 (“Supplemental Agreement”) for the purposes of recording the various revisions and/or effecting amendments to the terms and conditions of the Shareholders Agreement.
b) SCSB and SESB had on 27 November 2019 entered into a Deed of Revocation to revoke and rescind their rights and obligations with respect to the Joint Development Agreement dated 9 May 2016 (“Revocation of JDA”).
c) SCSB and SESB had on 27 November 2019 entered into a Sale and Purchase Agreement to acquire the land (“Proposed Acquisition”).
Please refer to the attachment below.
This announcement dated 27 November 2019. |
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Please refer attachment below.
Announcement Info
| Company Name | SUNSURIA BERHAD |
| Stock Name | SUNSURIA |
| Date Announced | 27 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27112019-00021 |