TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT KULAIJAYA, NEGERI JOHOR DARUL TAKZIM
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF PROPERTY SITUATED AT KULAIJAYA, NEGERI JOHOR DARUL TAKZIM |
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The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust (“Axis-REIT”), wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement in relation to the proposed acquisition, on behalf of Axis-REIT, of four (4) single storey detached factories, annexed with two-storey office building within Kawasan Perindustrian i-Park, Kulai, held under freehold titles H.S.(D) 64396 for No PTD 107901, H.S.(D) 64395 for No PTD 107900, H.S.(D) 64394 for No PTD 107899, H.S.(D) 64393 for No PTD 107898, all in Mukim Kulai, Daerah Kulaijaya, Negeri Johor Darul Takzim (collectively referred to as “the Property”) from Axis Ame IP Sdn. Bhd. (Co. No. 1024700-M) for a total lump sum cash consideration of RM61.0 Million (“Proposed Acquisition of the Property”).
The details of the Proposed Acquisition of the Property are contained in the attachment below.
This announcement is dated 11 November 2015. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 11 Nov 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11112015-00097 |
