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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Reference is made to the announcement relating to the Proposed Disposal of Axis Eureka dated 24 October 2016.
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, on behalf of Axis-REIT, has completed the Proposed Disposal of Axis Eureka to Malaysian Qualifications Agency for a total cash consideration of RM56,132,075.00.
The Proposed Disposal of Axis Eureka has been completed today in accordance with the terms and conditions of the Sale and Purchase Agreement dated 24 October 2016.
This announcement is dated 8 March 2017. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 08 Mar 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08032017-00047 |
