Feb 27 (Reuters) - Sunwah International Ltd SWH.TO :
* SUNWAH INTERNATIONAL LIMITED ENTERS AGREEMENT TO PRIVATIZE
* ENTERED INTO AN AGREEMENT WITH SUN WAH CAPITAL LIMITED TO PRIVATIZE BY WAY OF SHARE CONSOLIDATION AND PURCHASE
* WILL COMPLETE A SHARE CONSOLIDATION, COMPULSORILY PURCHASE ALL COMMON SHARES, OTHER THAN THOSE HELD BY SUN WAH CAPITAL
* SUNWAH- TO PURCHASE ALL COMMON SHARES, OTHER THAN THOSE HELD BY SUN WAH CAPITAL, FOR CASH CONSIDERATION OF $0.30 PER PRE-CONSOLIDATION COMMON SHARE
* SUNWAH - UPON COMPLETION OF DEAL SUN WAH CAPITAL WILL BE SOLE SHAREHOLDER OF CO, WHICH WILL THEN BE DELISTED FROM TORONTO STOCK EXCHANGE
* SUN WAH CAPITAL CURRENTLY OWNS 39.69% OF CO'S OUTSTANDING COMMON SHARES
* BOARD OF DIRECTORS UNANIMOUSLY RESOLVED TO AUTHORIZE COMPANY TO ENTER INTO AGREEMENT