TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED DISPOSAL BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 22390, PT 61, SECTION 15, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING 12,328 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON TO EXCEPTIONAL LANDMARK SDN BHD, FOR A CASH CONSIDERATION OF RM23,600,000 (“PROPOSED KAYANGAN DEPOT DISPOSAL”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED DISPOSAL BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 22390, PT 61, SECTION 15, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING 12,328 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON TO EXCEPTIONAL LANDMARK SDN BHD, FOR A CASH CONSIDERATION OF RM23,600,000 (“PROPOSED KAYANGAN DEPOT DISPOSAL”) |
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 23 July 2012 in relation to the Proposed Kayangan Depot Disposal) We refer to the announcements dated 23 July 2012, 27 November 2012 and 13 December 2012 in relation to the Proposed Kayangan Depot Disposal. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad is pleased to announce that the Proposed Kayangan Depot Disposal has been completed today in accordance to the terms and conditions of the Kayangan Depot Agreement. This announcement is dated 31 December 2012. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 31 Dec 2012 |
| Category | General Announcement |
| Reference No | MI-121231-61418 |
