BURSA ANNOUCEMENTS

Date : 24 May 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") 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
SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT")

PROPOSED ACQUISITION OF THE SUNWAY CLIO PROPERTY FOR A PURCHASE CONSIDERATION OF RM340 MILLION

Unless otherwise defined, the abbreviations and definitions used in the announcement by Sunway REIT dated 3 August 2017, 19 September 2017, 10 October 2017, 25 October 2017 and 9 February 2018 (Announcements) shall apply herein. 

We refer to the Announcements in relation to the Proposed Acquisition.

On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent of the HLA have been fulfilled following the receipt of the letter of consent from the State Authority dated 22 May 2018 (which was received on 24 May 2018) for the lease of the Hotel Property.

This announcement is dated 24 May 2018.






Announcement Info

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 24 May 2018
Category General Announcement for PLC
Reference Number GA1-24052018-00118


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