BURSA ANNOUNCEMENTS


 

Date : 23 May 2006

PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT") OF A PROPERTY KNOWN AS LOT 24, JALAN LEBUH 1, KAWASAN PERUSAHAAN SULTAN SULAIMAN, NORTH PORT, PELABUHAN KLANG, SELANGOR DARUL EHSAN FROM EC DISTRIBUTION SDN. BHD. FOR A CASH CONSIDERATION OF RM10.3 MILLION ("PROPOSED ACQUISITION")

AXIS REAL ESTATE INVESTMENT TRUST

Type

Announcement
SubjectPROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT") OF A PROPERTY KNOWN AS LOT 24, JALAN LEBUH 1, KAWASAN PERUSAHAAN SULTAN SULAIMAN, NORTH PORT, PELABUHAN KLANG, SELANGOR DARUL EHSAN FROM EC DISTRIBUTION SDN. BHD. FOR A CASH CONSIDERATION OF RM10.3 MILLION ("PROPOSED ACQUISITION")

Contents :

Pursuant to the announcement made on 3 April 2006 on the Proposed Acquisition, Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that after fulfilling all Conditions Precedent as stipulated in the Sale and Purchase Agreement dated 3 April 2006 executed between EC Distribution Sdn Bhd and OSK Trustees Berhad, the Proposed Acquisition was completed on 22 May 2006.


Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced23 May 2006  
CategoryGeneral Announcement
Reference NoCC-060523-49054

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