Others

BackAug 23, 2017
Type Announcement
Subject OTHERS
Description 
Sunsuria Berhad ("Sunsuria" or "Company") - Proposed Joint Venture between Sunsuria Arena Sdn Bhd (SASB), Sunsuria Gateway Sdn Bhd ("SGSB") and Gan Teck Boon via Sunsuria Landscape & Nursery Sdn Bhd (formerly known as Sunsuria Genlin Sdn Bhd) for the Proposed Joint Venture Business. ("Proposed JV").

We refer to the announcement dated 27 March 2017 in relation to the Proposed JV (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

The Company wishes to announce that the Proposed JV has been completed following the issuance and allotment of the said number of shares in Sunsuria Landscape & Nursery Sdn Bhd (“SLNSB”, the joint venture company for the Proposed JV) to Gan Teck Boon and SASB (a wholly-owned subsidiary of Sunsuria) at an issue price of RM1.00 per ordinary share. Following the allotment, the total shareholdings held by SASB, SGSB and Gan Teck Boon in SLNSB are as follows:

Name of Shareholder

Number of Ordinary Shares before allotment

Number of Ordinary Shares Allotted

Total number of Ordinary Shares held after allotment

Percentage

Sunsuria Arena Sdn Bhd

1

6,998

6,999

69.99%

Sunsuria Gateway Sdn Bhd

1

-

1

0.01%

Gan Teck Boon

-

3,000

3,000

30.00%

Total

2

9,998

10,000

100.00%

Further to the above completion of the Proposed JV, SLNSB is now a 70%-owned indirect subsidiary of the Company.

This announcement is dated 22 August 2017.



Announcement Info

Company Name SUNSURIA BERHAD
Stock Name SUNSURIA
Date Announced 22 Aug 2017
Category General Announcement for PLC
Reference Number GA1-21082017-00088