16042015 加码100股Sunway，为的是存够齐数, 等免费Sun Con~
We wish to announce that pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Sunway Holdings Sdn Bhd, a wholly-owned subsidiary of Sunway has on 9 April 2015, entered into a Share Sale and Purchase Agreement (“the Agreement”) with the Vendors for the acquisition of 50,000 ordinary shares of RM1.00 each representing 100% of the equity interest in Pasir Mas Holdings Sdn Bhd ("Pasir Mas") for a total cash consideration of RM1,750,000/- (hereinafter referred to as "the Proposed Acquisition").
Pasir Mas was incorporated on 10 October 1989 and its authorised and paid-up share capital are both RM50,000/-. Pasir Mas operates a petrol station and a motor vehicle workshop in Bandar Sunway.
Pasir Mas and Chevron Malaysia Limited have entered into an agreement for the sale and purchase of the land where the petrol station is operating as well as an agreement for the sale and purchase of the petrol station equipment, both of which are pending the satisfaction of the conditions precedent and thereafter completion. Sunway believes that Pasir Mas is operating from a strategic location, being opposite Sunway Pyramid Shopping Mall facing the New Pantai Expressway, and the land has re-development potential in future.
We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) and Chapter 10, Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”),
(1) Sunway Holdings Sdn Bhd (“SunHoldings”), a wholly-owned subsidiary of Sunway and the Winstar Vendors have on 9 April 2015, entered into a Share Sale Agreement (“Winstar SSA”) for the acquisition of 6,717,472 ordinary shares of RM1/- each, representing 100% of the total issued and paid-up share capital of Winstar Trading Sdn Bhd (“WTSB”) at an estimated purchase consideration of approximately RM130,953,294/- ("the Proposed Winstar Acquisition"); and
(2) SunHoldings and the PND Vendors have on 9 April 2015, entered into a Share Sale Agreement (“PND SSA”) for the acquisition of 500,000 ordinary shares of S$1/- each, representing 100% of the total issued and paid-up share capital of PND Hardware & Trading Pte Ltd (“PND”) at an estimated purchase consideration of approximately S$2,567,192/- ("the Proposed PND Acquisition").
The Proposed Winstar Acquisition and the Proposed PND Acquisition are unique opportunities for Sunway’s Trading and Manufacturing Division to acquire profitable market leaders with over 30 years of experience in the wholesaling of hardware market. It also provides an additional revenue stream which will further diversify the risks of the Group.
The Group anticipates synergies from cross-selling across the customer base of Sunway, WTSB and PND and potential cost savings from warehousing facilities due to economies of scale. There is also potential for WTSB and PND to supply to Sunway’s property and construction projects in the future.
下个星期一就是Sunway EGM, 随后，相信很快就等到SunCon挂牌的日子到来：）