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SUNWAY HOLDINGS BERHAD ("SUNWAY")
- ACCEPTANCE OF ADDITIONAL BANKING FACILITIES GRANTED BY STANDARD CHARTERED BANK MALAYSIA BERHAD TO SUNWAY CONSTRUCTION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SUNWAY
We refer to our announcements dated 7 May 2008, 21 July 2008 and 9 September 2008 in relation to the acceptance of banking facilities granted by Standard Chartered Bank Malaysia Berhad to Sunway Construction Sdn Bhd ("SunCon"), a wholly-owned subsidiary of Sunway.
Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Sunway wishes to announce that SunCon has accepted the additional banking facilities granted by Standard Chartered Bank Malaysia Berhad, details as set out in Table 1 below.
SunCon has an authorised and paid-up share capital of RM1,000,000,000/- and RM193,954,000/- respectively. Its principal activities are turnkey, construction related design and build, civil engineering and building works.
This announcement is dated 24 December 2008.
Table 1
| Type of Facility |
Purpose |
Existing Limit |
Revised Limit |
| Foreign Exchange Facilities |
For foreign exchange spot transactions and forward transactions |
USD6 million |
USD10 million |
| Forex - Potential Future Exposure |
For currency options and commodity derivatives |
USD4 million |
USD20 million |
For information only.
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Last
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11 January 2010
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