TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") I. PROPOSED SUBSCRIPTION OF 500,001 NEW ORDINARY SHARES BY SUNRISE BERHAD IN MEGA LEGACY (M) SDN BHD ("MLM"); AND II. PROPOSED ACQUISITION OF 10 PARCELS OF LEASEHOLD LAND OF 99 YEARS, MEASURING A TOTAL OF APPROXIMATELY 72.73 ACRES LOCATED IN MUKIM BATU, DISTRICT OF KUALA LUMPUR ("SAID PARCELS") BY MLM FROM DATUK BANDAR KUALA LUMPUR ("DBKL") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

UEM SUNRISE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")
 
I.	PROPOSED SUBSCRIPTION OF 500,001 NEW ORDINARY SHARES BY SUNRISE BERHAD IN MEGA LEGACY (M) SDN BHD ("MLM"); AND

II.	PROPOSED ACQUISITION OF 10 PARCELS OF LEASEHOLD LAND OF 99 YEARS, MEASURING A TOTAL OF APPROXIMATELY 72.73 ACRES LOCATED IN MUKIM BATU, DISTRICT OF KUALA LUMPUR ("SAID PARCELS") BY MLM FROM DATUK BANDAR KUALA LUMPUR ("DBKL")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Capitalised terms and all abbreviations used in this announcement shall have the same meaning as that used in our announcements dated 13 April 2018, 12 October 2018 and 2 April 2019 unless stated otherwise.

The Company wishes to announce that its wholly-owned subsidiary, Sunrise Berhad (“SB”) had on 15 April 2019 subscribed for 500,001 new ordinary shares representing 50% + 1 share of the equity interest in MLM for a cash consideration of RM256,060,275 equivalent to the Proposed Subscription Price. The other 50% is held by MLE.

Please refer to the attached announcement for details.

This announcement is dated 15 April 2019.



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 15 Apr 2019
Category General Announcement for PLC
Reference Number GA1-15042019-00133