BURSA ANNOUCEMENTS

Date : 13 May 2011

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST), SUNWAY REIT MANAGEMENT SDN BHD AND OSK TRUSTEES BERHAD (WRIT OF SUMMONS NO: 22NCVC-358-2011)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”)
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST), SUNWAY REIT MANAGEMENT SDN BHD AND OSK TRUSTEES BERHAD (WRIT OF SUMMONS NO: 22NCVC-358-2011)
We refer to our announcements made on 4 May 2011 and 6 May 2011 in relation to the above matter.
The High Court today, has dismissed the summons-in-chambers instituted by Metroplex Holdings Sdn Bhd dated 29 April 2011 which sought to prevent OSK Trustees Berhad as trustee for SUNREIT (“Trustee”) and Sunway REIT Management Sdn Bhd, as well as their directors and/or their personnel and/or auxiliary police from coming within a distance of 250 metres from Putra Place and to withdraw all letters written to the occupiers of Putra Place.

The High Court Judge has dismissed the above application on the grounds that the lawful registered owner is the Trustee and that they are entitled to issue notices to the occupiers of Putra Place to indicate their ownership and to exercise their lawful rights thereof. The High Court Judge was also of the view that there were no serious questions to be tried.

This announcement is dated 13 May 2011.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced13 May 2011  
CategoryGeneral Announcement
Reference NoSR-110513-AC82B

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