OTHERS SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - PROPOSED CHANGE IN SHAREHOLDING STRUCTURE OF SUNWAY REIT MANAGEMENT SDN BHD, THE MANAGER OF SUNREIT (“MANAGER”)
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - PROPOSED CHANGE IN SHAREHOLDING STRUCTURE OF SUNWAY REIT MANAGEMENT SDN BHD, THE MANAGER OF SUNREIT (“MANAGER”) |
We refer to the announcement made by Sunway Berhad on 15 August 2013 in relation to the proposed disposal of 200,000 ordinary shares of RM1/- each, representing 20% of the issued and paid-up share capital of the Manager at a total consideration of RM28,000,000/- to Millennium Pavilion Sdn Bhd (“Proposed Disposal”). As the Proposed Disposal would involve a change in shareholding of the Manager, the Board of Directors of the Manager wishes to announce that the application to the Securities Commission (“SC”) has been submitted today for the approval on the change in shareholding structure of the Manager pursuant to the Guidelines on Real Estate Investment Trusts issued by the SC and the Licensing Requirements. Upon SC’s approval, the Manager would be an 80%-owned subsidiary of Sunway Berhad. This announcement is dated 30 August 2013. | |
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 30 Aug 2013 |
| Category | General Announcement |
| Reference No | SR-130830-2F693 |