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PROVISION OF FINANCIAL ASSISTANCE

SUNWAY BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description
SUNWAY BERHAD ("SUNWAY" OR "COMPANY") 

PROPOSED PROVISION OF FINANCIAL ASSISTANCE BY SUNWAY TREASURY SUKUK SDN BHD ("SUNWAY TREASURY SUKUK") AND SUNWAY TREASURY SDN BHD ("SUNWAY TREASURY") (COLLECTIVELY, "SUNWAY TREASURY COMPANIES"), BOTH INDIRECT WHOLLY OWNED SUBSIDIARIES OF SUNWAY, TO SUNWAY ISKANDAR DEVELOPMENT SDN BHD

On behalf of the Board of Directors of Sunway, Maybank Investment Bank Berhad wishes to announce that the Sunway Treasury Companies are proposing to provide additional financial assistance to Sunway Iskandar Development Sdn Bhd in the form of loans of up to RM246.8 million (“Proposed Financial Assistance to Sunway Iskandar Development”).

Sunway Iskandar Development Sdn Bhd is treated as a joint venture in the consolidated audited financial statements of Sunway. As such, the Proposed Financial Assistance to Sunway Iskandar Development is subject to the approval of the shareholders of Sunway to be sought and obtained at an extraordinary general meeting of the Company to be convened.

Please refer to the attachment below for details of the Proposed Financial Assistance to Sunway Iskandar Development.

This Announcement is dated 29 July 2021.




Please refer attachment below.



Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 29 Jul 2021
Category General Announcement for PLC
Reference Number GA1-29072021-00074




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