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Kuala Lumpur Quarry Equipment Sales

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    In a filing with Bursa Malaysia today, Sunway said its wholly-owned subsidiary Sunway Holdings Sdn Bhd has entered into a share sale agreement SSA with Datin Seri Lau Lai San, Chu Yuen Leng and Chu Yuen Mun to acquire 1 million shares or a 100 stake in Blacktop Industries Sdn Bhd for RM70.09 million.Lau, Yuen Leng and Yuen Mun hold 40, 41 and 19 shareholding respectively in Blacktop.

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    According to Sunway, the proposed acquisition will be carried out in two tranches where Sunway Holdings will first acquire a 60 stake in Blacktop for RM42.05 million, followed by another tranche involving the remaining 40 stake in Blacktop for RM28.04 million.

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