TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") - PROPOSED DISPOSAL OF THE PROPERTY (AS DEFINED HEREIN) BY RHB TRUSTEES BERHAD, AS THE TRUSTEE FOR SUNWAY REIT TO SUNWAY MEDICAL CENTRE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM430 MILLION
SUNWAY REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") - PROPOSED DISPOSAL OF THE PROPERTY (AS DEFINED HEREIN) BY RHB TRUSTEES BERHAD, AS THE TRUSTEE FOR SUNWAY REIT TO SUNWAY MEDICAL CENTRE SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM430 MILLION |
The Board of Directors of Sunway REIT Management Sdn Bhd, being the manager for Sunway REIT, wishes to announce that RHB Trustees Berhad, as the trustee for Sunway REIT, had on 29 December 2022 entered into a conditional sale and purchase agreement with Sunway Medical Centre Sdn Bhd, a 99.99%-owned subsidiary of Sunway Healthcare Holdings Sdn Bhd, which is in turn a 90.26%-owned subsidiary of Sunway City Sdn Bhd, which is in turn a wholly-owned subsidiary of Sunway Berhad, for the disposal of 2 parcels of leasehold lands held under the following titles:
(collectively, the “Lands”) together with a 7-storey medical centre with a lower ground floor car park, an elevated car park and a convention centre known as “Sunway Medical Centre (Tower A & B)” (“Building”), located at No. 5, Jalan Lagoon Selatan, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan, for a total cash consideration of RM430 million ("Proposed Disposal"). The Lands and Building are collectively referred to as the "Property".
Please refer to the attachment below for further details of the Proposed Disposal.
This Announcement is dated 29 December 2022. |
Please refer attachment below.
Announcement Info
Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
Stock Name | SUNREIT |
Date Announced | 29 Dec 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-28122022-00008 |