TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED ACQUISITIONS BY RHB TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF THE FOLLOWING: (I) A PIECE OF FREEHOLD LAND HELD UNDER H.S.(D) 43148, LOT NO. PT 17562, MUKIM AND DISTRICT OF KLANG, STATE OF SELANGOR DARUL EHSAN MEASURING APPROXIMATELY 94,021 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON, FROM GREAT AVENUE (M) SDN BHD FOR A CASH CONSIDERATION OF RM183,000,000; (II) A PIECE OF LEASEHOLD LAND HELD UNDER H.S.(D) 22390, LOT NO. PT 61, SECTION 15, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN MEASURING 12,328 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON, FROM EXCEPTIONAL LANDMARK SDN BHD FOR A CASH CONSIDERATION OF RM52,500,000; AND (III) 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 (COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISITIONS”)
| 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 ACQUISITIONS BY RHB TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF THE FOLLOWING: (I) A PIECE OF FREEHOLD LAND HELD UNDER H.S.(D) 43148, LOT NO. PT 17562, MUKIM AND DISTRICT OF KLANG, STATE OF SELANGOR DARUL EHSAN MEASURING APPROXIMATELY 94,021 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON, FROM GREAT AVENUE (M) SDN BHD FOR A CASH CONSIDERATION OF RM183,000,000; (II) A PIECE OF LEASEHOLD LAND HELD UNDER H.S.(D) 22390, LOT NO. PT 61, SECTION 15, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN MEASURING 12,328 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON, FROM EXCEPTIONAL LANDMARK SDN BHD FOR A CASH CONSIDERATION OF RM52,500,000; AND (III) 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 (COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISITIONS”) |
(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 in relation to the Proposed Acquisitions. 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 Proposed Axis MRO Hub Acquisition and Proposed Axis Shah Alam DC3 Acquisition have been completed on 18 December 2014 in accordance with the terms and conditions of the Axis MRO Hub Agreement and Axis Shah Alam DC3 Agreement respectively. This announcement is dated 18 December 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 18 Dec 2014 |
| Category | General Announcement |
| Reference No | MI-141218-62087 |
