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SUNWAY HOLDINGS BERHAD (FORMERLY KNOWN AS SUNWAY HOLDINGS INCORPORATED 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 and 21 July 2008 in relation to the acceptance of banking facility of RM90 million 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, design and build, civil engineering and building works.
This announcement is dated 9 September 2008.
Announcement Details:
Table 1
| Type of Facility |
Limit |
Purpose |
| Foreign Exchange Facilities |
USD6 million |
For foreign exchange spot transactions and forward transactions |
| Forex - Potential Future Exposure |
USD4 million |
For currency options and commodity derivatives |
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