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Sunway Holdings Incorporated Berhad ("sunway") - Joint Venture Agreement Between sunway Xin Long (anhui) Hydraulic co. ltd. ( a 78% owned subsidiary of Sunway Global Limited Which In Turn Is A 60% Owned Subsidiary Of Sunway) And Dcf Trek Co. Ltd.

BackOct 11, 2007

General Announcement
Reference No SH-071011-711AB
Company Name : SUNWAY HOLDINGS INCORPORATED BERHAD 
Stock Name : SUNWAY
Date Announced : 11/10/2007


Type : Announcement
Subject : SUNWAY HOLDINGS INCORPORATED BERHAD ("SUNWAY")
- JOINT VENTURE AGREEMENT BETWEEN SUNWAY XIN LONG (ANHUI) HYDRAULIC CO. LTD. ( A 78% OWNED SUBSIDIARY OF SUNWAY GLOBAL LIMITED WHICH IN TURN IS A 60% OWNED SUBSIDIARY OF SUNWAY) AND DCF TREK CO. LTD.

Contents :

1. INTRODUCTION
2. INFORMATION ON SUNWAY XIN LONG, DCF AND SUNWAY DAECHANG

2.1 SUNWAY XIN LONG

2.2 DCF

2.3 SUNWAY DAECHANG
3. SALIENT TERMS OF THE JVA

Pursuant to the JVA, the total planned investment and registered capital of Sunway Daechang are RMB15,000,000 and RMB11,000,000 respectively and the shareholding structure shall be structured as follows:-

Name of shareholders
Registered capital (RMB)
Percentage (%)
Sunway Xin Long
6,600,000
60
DCF
4,400,000
40
Total:
11,000,000
100

4. RATIONALE
5. FEASIBILITY STUDY

6. PROSPECTS
7. RISKS FACTORS

8. SOURCE OF FUNDS

9. EFFECTS OF THE PROPOSED JOINT VENTURE 9.1 On Share Capital and Substantial Shareholders' Shareholding 9.2 On Earnings Per Share and Net Assets Per Share 10. APPROVALS REQUIRED 11. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS 12. STATEMENT BY THE BOARD OF DIRECTORS 13. DOCUMENT AVAILABLE FOR INSPECTION
This announcement is dated 11 October 2007.