TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT GEBENG, KUANTAN, PAHANG DARUL MAKMUR
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF PROPERTY SITUATED AT GEBENG, KUANTAN, PAHANG DARUL MAKMUR |
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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, for and on behalf of Axis-REIT, in relation to the proposed acquisition of lands together with buildings and structures erected thereon situated within Kawasan Perindustrian MIEL, Gebeng,Kuantan, Pahang from Wasco Resources Sdn. Bhd., Wasco Coatings Services Sdn. Bhd., Wasco Coatings Insulation Sdn. Bhd., Wasco Lindung Sdn. Bhd. and Wasco Coatings Malaysia Sdn. Bhd., for a total lump sum cash consideration of RM155.0 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 24 July 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Jul 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24072017-00019 |
