TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST (SUNREIT) - PROPOSED ACQUISITION OF THE LAND AND BUILDINGS LOCATED IN SECTION 23, BANDAR SHAH ALAM, DAERAH PETALING, SELANGOR (PROPOSED ACQUISITION)
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST (SUNREIT) - PROPOSED ACQUISITION OF THE LAND AND BUILDINGS LOCATED IN SECTION 23, BANDAR SHAH ALAM, DAERAH PETALING, SELANGOR (PROPOSED ACQUISITION) |
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The Board of Directors of Sunway REIT Management Sdn Bhd, the manager for SunREIT (“Manager”), is pleased to announce that SunREIT, represented by its trustee, RHB Trustees Berhad (“Trustee”), has on 11 January 2017 entered into a conditional sale and purchase agreement with Champion Edge Sdn Bhd (“CESB” or “Vendor”) to acquire the land and the buildings erected on the land held under H.S.(D) 132499, Lot No. PT 65, Section 23, Bandar Shah Alam, Daerah Petaling, Negeri Selangor Darul Ehsan (“SPA”) for a purchase price of RM91.5 million to be fully satisfied in cash (“Purchase Price”). Please refer to the attachment below for further details of the Proposed Acquisition. This Announcement is dated 11 January 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 11 Jan 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11012017-00074 |