TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT") PROPOSED ACQUISITION OF VISTA TOWER FOR A PURCHASE CONSIDERATION OF RM455 MILLION
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
|Description||AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT") PROPOSED ACQUISITION OF VISTA TOWER FOR A PURCHASE CONSIDERATION OF RM455 MILLION|
On behalf of the board of directors of AmanahRaya-Kenedix REIT Manager Sdn Bhd (the management company of ARREIT), RHB Investment Bank Berhad wishes to announce that CIMB Islamic Trustee Berhad, acting solely in its capacity as the trustee for and on behalf of ARREIT, had on 7 September 2017 entered into a conditional sale and purchase agreement with The Intermark Sdn Bhd for the proposed acquisition of Vista Tower for a total purchase consideration of RM455 million to be entirely satisfied in cash ("Proposed Acquisition").
Please refer to the attachment below for further details of the Proposed Acquisition.
This announcement is dated 7 September 2017.