The Board of Directors of Sunsuria wishes to announce that its wholly owned subsidiary, Sunsuria Builders Sdn Bhd (formerly known as Goodwill Atlas Sdn Bhd) (“SBSB”) had on 26 April 2017 entered into a Shares Sale and Purchase Agreement (“SSA”) with Ms Chuah Peak San to acquire 408,000 ordinary shares in Properspan Construction Sdn Bhd (“PPAN”), representing 51% equity interest in PPAN for a cash consideration of RM408,000 (“Shares Acquisition”).

PPAN shall become a 51% indirect owned subsidiary of Sunsuria upon completion of the Shares Acquisition.

Subject to completion of the SSA, SBSB and Spanway Construction Sdn Bhd, the shareholder who owns the remaining 49% equity interest in PPAN, had on the even date entered into a Shareholders Agreement to regulate respective equity participation, rights and obligations as shareholders in PPAN and the conduct of the business and affairs of PPAN.

This announcement is dated 26 April 2017.

Please refer the attachment below.