BURSA ANNOUCEMENTS

Date : 22 November 2011

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST - LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011), DIRECTOR OF LAND AND MINES FEDERAL TERRITORY OF KUALA LUMPUR, DEPUTY COLLECTOR OF STAMP DUTY JALAN DUTA AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC-95-2011)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011), DIRECTOR OF LAND AND MINES FEDERAL TERRITORY OF KUALA LUMPUR, DEPUTY COLLECTOR OF STAMP DUTY JALAN DUTA AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC-95-2011)
We refer to our announcement dated 9 May 2011 on the above matter whereby Metroplex Holdings Sdn Bhd had amongst others, sought to set aside the sale of Putra Place, claiming that the auction held on 30 March 2011 was not a valid public auction and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) was not entitled to bid at the public auction.
The High Court of Malaya in Kuala Lumpur today allowed the applications by OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) and Sunway REIT Management Sdn Bhd to strike out the legal action with costs in aggregate sum of RM24,000 to be paid by Metroplex Holdings Sdn Bhd.

This announcement is dated 22 November 2011.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced22 Nov 2011  
CategoryGeneral Announcement
Reference NoSR-111122-3C15C

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