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")
(Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements.)
Reference is made to the announcements released on 20 June 2016 and 13 July 2016 in relation to the 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 the Proposed Acquisition has been completed on 27 December 2016 in accordance with the terms and conditions of the SPA. The Balance Purchase Price was fully paid using SunREIT’s existing debt financing facilities.
This Announcement is dated 27 December 2016.
|Company Name||SUNWAY REAL ESTATE INVESTMENT TRUST|
|Date Announced||27 Dec 2016|
|Category||General Announcement for PLC|