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Sunway Bhd : OTHERS SUNWAY BERHAD ("SUNWAY") - INTERNAL REORGANISATION OF GROUP STRUCTURE

06/28/2016 | 10:50pm EST

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 Holdings Sdn Bhd ('SunH'), a wholly-owned subsidiary of Sunway has on 28 June 2016, acquired 2 ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Sunway Ordera Sdn Bhd ('Sunway Ordera') from Sunway Ventures Sdn Bhd (formerly known as Sunway Development Sdn Bhd), a wholly-owned subsidiary of SunH, for a total cash consideration of RM2/- ('Reorganisation Exercise').

Sunway Ordera was incorporated on 4 March 2016 and its authorised and paid-up share capital are RM400,000/- and RM2/- respectively. Sunway Ordera is presently dormant and its intended principal activities are trading and selling of products and services through online and offline channels.

Upon completion of the Reorganisation Exercise, Sunway Ordera will become a direct subsidiary of SunH.

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 28 June 2016.

Sunway Bhd published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 June 2016 02:50:02 UTC.


ę Publicnow 2016
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