TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF A PARCEL OF VACANT LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ("PROPOSED ACQUISITION")
|SUNWAY REAL ESTATE INVESTMENT TRUST|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
PROPOSED ACQUISITION OF A PARCEL OF VACANT LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ("PROPOSED ACQUISITION")
On behalf of the Board of Directors of Sunway REIT Management Sdn Bhd, the manager of SunREIT, Kenanga Investment Bank Berhad is pleased to announce that Sunway Real Estate Investment Trust ("SunREIT"), represented by its trustee, RHB Trustees Berhad, had on 20 June 2016 entered into a sale and purchase agreement with Commercial Parade Sdn Bhd to acquire a parcel of vacant land held under Pajakan Negeri 1814, Lot 5493, Mukim 1, Seberang Perai Tengah, Pulau Pinang which is adjacent to Sunway Carnival Shopping Mall (“Sunway Carnival”) for a purchase price of RM17.20 million to be fully satisfied in cash. Sunway Carnival is owned by SunREIT.
Please refer to the attachment below for further details of the Proposed Acquisition.
This Announcement is dated 20 June 2016.
Please refer attachment below.
|Company Name||SUNWAY REAL ESTATE INVESTMENT TRUST|
|Date Announced||20 Jun 2016|
|Category||General Announcement for PLC|