TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AXIS REAL ESTATE INVESTMENT TRUST - 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 | AXIS REAL ESTATE INVESTMENT TRUST - PROPOSED ACQUISITION OF PROPERTY SITUATED AT GEBENG, KUANTAN, PAHANG DARUL MAKMUR |
Reference is made to the announcement relating to the subject proposed acquisition of property dated 24 July 2017. (Capitalized terms used in this announcement shall have the same meanings as those contained in the earlier announcement dated 24 July 2017, unless otherwise stated) The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust ("Axis-REIT"), wishes to announce that the SPA executed between the Trustee of Axis-REIT and the Vendors dated 24 July 2017 has become unconditional on 28 November 2017 and the Balance Purchase Price of Land 1 has been paid today whereby the Completion Date has been achieved. The lease for the Property will commence on 5 December 2017 following the terms of the SPA. The Balance Purchase Price of Land 2 will be paid at a later stage in accordance with the terms of the SPA to achieve the Final Completion Date. This announcement is dated 5 December 2017.
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Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 05 Dec 2017 |
Category | General Announcement for PLC |
Reference Number | GA1-04122017-00121 |