BURSA ANNOUNCEMENTS


 

Date : 25 March 2015

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

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionAXIS 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, 19 November 2014, 23 December 2014 and 26 January 2015, and the Circular to the 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 all the conditions precedent to the Axis Shah Alam DC2 Agreement have been fulfilled and accordingly, the Axis Shah Alam DC2 Agreement has become unconditional today.

This announcement is dated 25 March 2015.



Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced25 Mar 2015  
CategoryGeneral Announcement
Reference NoMI-150325-65189

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