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”) |
We refer to the announcement dated 7 October 2014. The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that the Proposed Acquisition and Leaseback of the Property has been completed on 30 December 2014 in accordance with the terms and conditions of the Sale and Purchase Agreement dated 3 October 2014. This announcement is dated 30 December 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 30 Dec 2014 |
| Category | General Announcement |
| Reference No | CC-141230-2BEBE |
