TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS (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 | (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 announcements dated 15 July 2019 in relation to the Proposals. On behalf of the Board of Directors of the Manager, Maybank Investment Bank Berhad is pleased to announce that the SC had, through its letter dated 23 July 2019, approved the Proposed Exemption. The approval of the SC is subject to Axis-REIT announcing to Bursa Malaysia Securities Berhad quarterly, the status of the registration of the lease with the relevant land authority. This announcement is dated 23 July 2019. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 23 Jul 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23072019-00088 |
