Sunway Hotel Seberang Jaya deal gets longer deadline
The deadline for meeting conditions on the RM60 million acquisition has shifted from Oct 28, 2026 to July 28, 2027.
Sunway Real Estate Investment Trust and Sunway Healthcare Holdings Bhd have extended the period for meeting conditions on the RM60 million purchase of Sunway Hotel Seberang Jaya in Penang. The companies said in separate exchange filings that July 28, 2027 replaces Oct 28, 2026 as the deadline.
The buyer is Sunway Medical Centre Penang Sdn Bhd, a wholly owned subsidiary of Sunway Healthcare. It is purchasing the property from RHB Trustees Bhd in its capacity as Sunway REIT’s trustee.
The purchase includes 4,294 square metres of leasehold land in Seberang Jaya, the hotel building, and its equipment, fixtures and fittings.
A supplemental agreement amends the sale and purchase agreement dated Oct 28, 2025. The companies said the extension allows Sunway REIT additional time to satisfy the transaction’s conditions, but did not identify those still outstanding.
Completion is required within three months of all conditions being satisfied or waived. The remaining terms are unchanged.
