TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A 4-STOREY PURPOSE-BUILT OFFICE BUILDING BUILT ON FREEHOLD LAND HELD UNDER GRN 207772/LOT 23570, MUKIM OF DENGKIL, DISTRICT OF SEPANG, SELANGOR DARUL EHSAN ("AXIS EUREKA") TO MALAYSIAN QUALIFICATIONS AGENCY FOR A TOTAL CASH CONSIDERATION OF RM56,132,075.00 ("PROPOSED DISPOSAL")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A 4-STOREY PURPOSE-BUILT OFFICE BUILDING BUILT ON FREEHOLD LAND HELD UNDER GRN 207772/LOT 23570, MUKIM OF DENGKIL, DISTRICT OF SEPANG, SELANGOR DARUL EHSAN ("AXIS EUREKA") TO MALAYSIAN QUALIFICATIONS AGENCY FOR A TOTAL CASH CONSIDERATION OF RM56,132,075.00 ("PROPOSED DISPOSAL") |
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The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement on 24 October 2016 with Malaysian Qualifications Agency for the Proposed Disposal of Axis Eureka. The details of the Proposed Disposal of Axis Eureka are contained in the attachment below. This announcement is dated 24 October 2016. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Oct 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24102016-00082 |
