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|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
PROPOSED ACQUISITION OF PROPERTY SITUATED AT KULAIJAYA, NEGERI JOHOR DARUL TAKZIM
We refer to the announcement dated 11 November 2015.
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, on behalf of Axis-REIT, has completed the proposed acquisition 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 Proposed Acquisition of the Property has been completed on 28 January 2016 in accordance with the terms and conditions of the Sale and Purchase Agreement dated 11 November 2015.
This announcement is dated 28 January 2016.
|Company Name||AXIS REAL ESTATE INVESTMENT TRUST|
|Date Announced||28 Jan 2016|
|Category||General Announcement for PLC|