TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION AND LEASEBACK BY AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR THE “FUND”) OF AN INDUSTRIAL FACILITY BUILT ON A FREEHOLD LAND MEASURING APPROXIMATELY 10.9095 HECTARES WITHIN KAWASAN PERINDUSTRIAN SiLC, NUSAJAYA, HELD UNDER TITLE H.S.(D) 458080 FOR PTD 5755, MUKIM OF JELUTONG, DISTRICT OF JOHOR BAHRU, JOHOR DARUL TAKZIM (“THE PROPERTY”) FROM YONGNAM ENGINEERING SDN. BHD. FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM153.5 MILLION (“PROPOSED ACQUISITION AND LEASEBACK OF THE PROPERTY”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION AND LEASEBACK BY AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR THE “FUND”) OF AN INDUSTRIAL FACILITY BUILT ON A FREEHOLD LAND MEASURING APPROXIMATELY 10.9095 HECTARES WITHIN KAWASAN PERINDUSTRIAN SiLC, NUSAJAYA, HELD UNDER TITLE H.S.(D) 458080 FOR PTD 5755, MUKIM OF JELUTONG, DISTRICT OF JOHOR BAHRU, JOHOR DARUL TAKZIM (“THE PROPERTY”) FROM YONGNAM ENGINEERING SDN. BHD. FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM153.5 MILLION (“PROPOSED ACQUISITION AND LEASEBACK OF THE PROPERTY”) |
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement on 3 October 2014 in relation to the Proposed Acquisition and Leaseback of the Property on behalf of Axis-REIT. Please refer to the attachment herein for the details of the Proposed Acquisition and Leaseback of the Property. This announcement is dated 7 October 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 7 Oct 2014 |
| Category | General Announcement |
| Reference No | CC-141003-58564 |
