TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED ACQUISITION BY RHB TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF A PIECE OF LEASEHOLD LAND HELD UNDER H.S.(D) 293642, LOT NO. PT 2233, SECTION 16, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN MEASURING 23,923 SQUARE METRES TOGETHER WITH THE BUILDINGS INSTALLED WITH ROOFTOP-MOUNTED SOLAR ELECTRIC GENERATING SYSTEM ERECTED THEREON, FROM ABLE HEIGHTS (M) SDN BHD FOR A CASH CONSIDERATION OF RM45,000,000 (“PROPOSED AXIS SHAH ALAM DC2 ACQUISITION”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED ACQUISITION BY RHB TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF A PIECE OF LEASEHOLD LAND HELD UNDER H.S.(D) 293642, LOT NO. PT 2233, SECTION 16, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN MEASURING 23,923 SQUARE METRES TOGETHER WITH THE BUILDINGS INSTALLED WITH ROOFTOP-MOUNTED SOLAR ELECTRIC GENERATING SYSTEM ERECTED THEREON, FROM ABLE HEIGHTS (M) SDN BHD FOR A CASH CONSIDERATION OF RM45,000,000 (“PROPOSED AXIS SHAH ALAM DC2 ACQUISITION”) |
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 4 August 2014). We refer to the announcements dated 4 August 2014, 4 November 2014, 17 November 2014 and 19 November 2014, and the Circular to Unitholders dated 4 November 2014 in relation to, among others, the Proposed Axis Shah Alam DC2 Acquisition. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad wishes to announce that the conditions precedent for the Proposed Axis Shah Alam DC2 Acquisition are only expected to be fulfilled in the first quarter of calendar year 2015. Accordingly, the Proposed Axis Shah Alam DC2 Acquisition is expected to be completed in the first quarter of calendar year 2015. This announcement is dated 23 December 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 23 Dec 2014 |
| Category | General Announcement |
| Reference No | MI-141223-64601 |
