TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT SHAH ALAM, SELANGOR DARUL EHSAN
| 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 SHAH ALAM, SELANGOR DARUL EHSAN |
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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 on 23 April 2018 entered into a sale and purchase agreement for the proposed acquisition of: 1) A piece of freehold land held under H.S.(D) 281156, No. PT 674, Pekan Hicom, Daerah Petaling, Negeri Selangor; and 2) A piece of freehold land held under H.S.(D) 29664, No. PT 5042, Mukim Damansara, Daerah Petaling, Negeri Selangor, both bearing postal address known as Lot PT 5038-5041, Jalan Teluk Datuk 28/40, Off Persiaran Sepang, Seksyen 28, 40400 Shah Alam, Selangor, together with the buildings erected thereon, from Teraju Sinar Sdn. Bhd. for a total lump sum cash consideration of RM87.0 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 23 April 2018. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 23 Apr 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23042018-00090 |
