Others

BackDec 10, 2018
Type Announcement
Subject OTHERS
Description

Sunsuria Berhad ("Sunsuria" or "the Company")

- Acquisition of 100% equity interest of Kemudi Semarak Sdn Bhd

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunsuria wishes to announce that Sunsuria City Amenities Sdn Bhd, a wholly-owned subsidiary of Sunsuria Arena Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company, has on 10 December 2018, acquired 100% equity interest of Kemudi Semarak Sdn Bhd (“KSSB”) comprising of one (1) ordinary share in KSSB for a cash consideration of RM1.00. Upon completion of the said acquisition, KSSB becomes an indirect wholly-owned subsidiary of the Company.

KSSB was incorporated on 1 October 2018 as a private limited company under the Companies Act, 2016 with an issued share capital of one (1) ordinary share. KSSB is currently a dormant company and has not commenced any business operation since the date of its incorporation. The intended principal activities of KSSB will be in the business of investment holding, real property holding, and general trading.

The acquisition of KSSB is not expected to have any material effect on the earnings or net assets of the Sunsuria and its subsidiaries for the financial year ending 30 September 2019.

None of the Directors and/or major shareholders of the Company or any persons connected to them have any direct or indirect interest in the above acquisition.

 

This announcement is dated 10 December 2018. 




Announcement Info

Company Name SUNSURIA BERHAD
Stock Name SUNSURIA
Date Announced 10 Dec 2018
Category General Announcement for PLC
Reference Number GA1-03122018-00012