TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION AND LEASEBACK OF PROPERTY SITUATED IN KAWASAN INDUSTRI SG. CHOH, RAWANG, NEGERI SELANGOR DARUL EHSAN
|AXIS REAL ESTATE INVESTMENT TRUST|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
PROPOSED ACQUISITION AND LEASEBACK OF PROPERTY SITUATED IN KAWASAN INDUSTRI SG. CHOH, RAWANG, NEGERI SELANGOR DARUL EHSAN
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust (“Axis-REIT” or “Fund”), wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, has on 1 August 2016 entered into a sale and purchase agreement, on behalf of Axis-REIT, in relation to the proposed acquisition and leaseback by Axis-REIT of a parcel of industrial land together with all those industrial buildings and structures erected thereon within PT 20449 (Lot 795 & 796) Jalan Monorail, Kawasan Industri Sg. Choh, Sg. Choh, 48000 Selangor held under freehold title No. H.S. (D) 51916 PT No 20449 in Mukim of Serendah, District of Ulu Selangor, Negeri Selangor Darul Ehsan (“the Property”) from Scomi Coach Sdn. Bhd. (Co. No. 205858-U) and leaseback to Scomi Engineering Berhad for a total lump sum cash consideration of RM42.0 Million (“Proposed Acquisition And Leaseback Of The Property”).
Please refer to the attachment below for the details of the Proposed Acquisition and Leaseback of the Property.
This announcement is dated 1 August 2016.
Please refer attachment below.
|Company Name||AXIS REAL ESTATE INVESTMENT TRUST|
|Date Announced||01 Aug 2016|
|Category||General Announcement for PLC|