BURSA ANNOUCEMENTS

Date : 08 August 2019

OTHERS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") - PROPOSED RENEWAL OF UNITHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

SUNWAY REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject OTHERS
Description
SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- PROPOSED RENEWAL OF UNITHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

The Board of Directors of Sunway REIT Management Sdn Bhd, the Manager for SUNREIT (the “Manager”), wishes to announce that SUNREIT intends to seek the approval of its unitholders for the proposed renewal of unitholders’ mandate for recurrent related party transactions (“RRPT”) of a revenue or trading nature which are necessary for day-to-day operations and are in the ordinary course of business of SUNREIT (“Proposed Renewal of RRPT Mandate”) at the forthcoming 7th Annual General Meeting (“AGM”) of SUNREIT to be convened on 2 October 2019.

 

SUNREIT had procured its unitholders' mandate at its last AGM held on 26 September 2018, to allow SUNREIT to enter into RRPT of a revenue or trading nature with the related parties. The unitholders' mandate will lapse upon the conclusion of the forthcoming 7th AGM unless the mandate is renewed. SUNREIT proposes to seek the approval of its unitholders for the Proposed Renewal of RRPT Mandate at its forthcoming 7th AGM.

 

A circular containing the details of the Proposed Renewal of RRPT Mandate will be dispatched to the unitholders in due course.

 

This announcement is dated 8 August 2019.






Announcement Info

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 08 Aug 2019
Category General Announcement for PLC
Reference Number GA1-07082019-00049


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