BURSA ANNOUNCEMENTS


 

Date : 15 July 2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") (I) PROPOSED LEASE OF INDUSTRIAL LAND AT BATU KAWAN INDUSTRIAL PARK, PENANG BY RHB TRUSTEES BERHAD (AS TRUSTEE FOR AXIS-REIT) FROM PENANG DEVELOPMENT CORPORATION (II) PROPOSED DEVELOPMENT OF A SINGLE-STOREY WAREHOUSE FACILITY TO BE CONSTRUCTED ON THE LAND (III) PROPOSED SUB-LEASE OF THE LAND AND THE FACILITY BY AXIS-REIT TO FEDERAL EXPRESS SERVICES (M) SDN BHD

AXIS REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")

(I) PROPOSED LEASE OF INDUSTRIAL LAND AT BATU KAWAN INDUSTRIAL PARK, PENANG BY RHB TRUSTEES BERHAD (AS TRUSTEE FOR AXIS-REIT) FROM PENANG DEVELOPMENT CORPORATION

(II) PROPOSED DEVELOPMENT OF A SINGLE-STOREY WAREHOUSE FACILITY TO BE CONSTRUCTED ON THE LAND

(III) PROPOSED SUB-LEASE OF THE LAND AND THE FACILITY BY AXIS-REIT TO FEDERAL EXPRESS SERVICES (M) SDN BHD
(Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 15 July 2019, unless otherwise stated)

We refer to the announcement dated 15 July 2019 in relation to the Proposals.

On behalf of the Board, Maybank Investment Bank Berhad wishes to announce that an application has been submitted to the SC today to seek its approval for the Proposed Exemption.

This announcement is dated 15 July 2019.





Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 15 Jul 2019
Category General Announcement for PLC
Reference Number GA1-15072019-00070


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