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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNSURIA BERHAD (SUNSURIA OR THE COMPANY) SHARES SALE AND PURCHASE AGREEMENT AND SHAREHOLDERS AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN MAYER LAND SDN. BHD.

SUNSURIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNSURIA BERHAD (SUNSURIA OR THE COMPANY)
SHARES SALE AND PURCHASE AGREEMENT AND SHAREHOLDERS AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF 80% EQUITY INTEREST IN MAYER LAND SDN. BHD.

For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the announcements unless otherwise defined herein.

 

Reference is made to the Company’s Announcements dated 22 June 2023 and 27 June 2023 in relation to the same. 

 

With reference to the Shares SPA, the period for the Vendors to fulfill the conditions precedent under the Shares SPA is three (3) months from 22 June 2023, being the date of the Shares SPA, or such other date as the parties to the Shares SPA may mutually agree in writing (“Conditional Period”).

 

The Company wishes to announce that, following the Company’s receipt of the Vendors’ request on 11 October 2023 via the Vendors’ Solicitors’ letter dated 11 October 2023, the Company had on 12 October 2023 agreed to extend the Conditional Period for the fulfillment of the conditions precedent under the Shares SPA, from 22 September 2023 (being three (3) months from the date of the Shares SPA) up and until 31 March 2024, as the Vendors have requested for more time to fulfil the conditions precedent under the Shares SPA. For avoidance of doubt, all other terms and conditions of the Shares SPA remain unchanged.

 

The Company will make further announcement in relation to the Shares SPA as and when required under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

This announcement is dated 12 October 2023.






Announcement Info

Company Name SUNSURIA BERHAD
Stock Name SUNSURIA
Date Announced 12 Oct 2023
Category General Announcement for PLC
Reference Number GA1-12102023-00046



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