BURSA ANNOUCEMENTS

Date : 03 August 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF THE SUNWAY CLIO PROPERTY FOR A PURCHASE CONSIDERATION OF RM340 MILLION

SUNWAY REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF THE SUNWAY CLIO PROPERTY FOR A PURCHASE CONSIDERATION OF RM340 MILLION

On behalf of the board of directors of Sunway REIT Management Sdn. Bhd. (the manager of Sunway Real Estate Investment Trust ("Sunway REIT")), RHB Investment Bank Berhad wishes to announce that RHB Trustees Berhad, as the trustee of Sunway REIT, had on 3 August 2017 entered into a conditional sale and purchase agreement with Sunway Forum Hotel Sdn. Bhd., a wholly-owned subsidiary of Sunway Berhad, for the proposed acquisition of the Sunway Clio Property (as defined in the attachment below) for a total purchase consideration of RM340 million to be entirely satisfied in cash (Proposed Acquisition). 

Please refer to the attachment below for further details of the Proposed Acquisition.

This announcement is dated 3 August 2017.




Please refer attachment below.



Announcement Info

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 03 Aug 2017
Category General Announcement for PLC
Reference Number GA1-02082017-00122


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