OTHERS Proposed Acquisition and Leaseback of the Property
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | Proposed Acquisition and Leaseback of the Property |
|
The Board of Directors of Axis REIT Managers Berhad (“ARMB” or “the Manager”), the management company of Axis-REIT, wishes to announce that the Manager, for and on behalf of RHB Trustees Berhad (“RHB” or “Trustee”), the trustee for Axis-REIT, has offered to acquire an industrial facility erected on seven (7) parcels of leasehold land all located at Jalan Pelabuhan Utara, Bandar Sultan Suleiman, 42000 Pelabuhan Klang, Selangor (“the Property”) from Hai San & Sons Sdn Bhd and Hai San Holdings Sdn Bhd, both wholly-owned subsidiaries of Haisan Resources Berhad, for a total lump sum cash consideration of RM46 million (“Proposed Acquisition and Leaseback of the Property”). Please refer to the attachment on the details of the Proposed Acquisition and Leaseback of the Property.
This announcement is dated 22 June 2015. |
|
Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 22 Jun 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22062015-00087 |
