BURSA ANNOUCEMENTS

Date : 09 July 2013

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST OSK TRUSTEES BERHAD (NOW KNOWN AS RHB TRUSTEES BERHAD) (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST) AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC95-2011, COURT OF APPEAL W-02(IM)(NCVC)-3192-12/2011, FEDERAL COURT CIVIL APPLICATION NO. 08-425-09-2011, 08-402-05/2012 AND 08-404-05/2012)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”)
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST OSK TRUSTEES BERHAD (NOW KNOWN AS RHB TRUSTEES BERHAD) (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST) AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC95-2011, COURT OF APPEAL W-02(IM)(NCVC)-3192-12/2011, FEDERAL COURT CIVIL APPLICATION NO. 08-425-09-2011, 08-402-05/2012 AND 08-404-05/2012)
We refer to announcements dated 9 May 2011, 21 November 2011, 20 April 2012 and 22 May 2012 in relation to the above matters. Metroplex Holdings Sdn Bhd had served an unsealed Notice of Motion for leave to appeal to the Federal Court on the solicitors for OSK Trustees Berhad (now known as RHB Trustees Berhad) and Sunway REIT Management Sdn Bhd on 18 May 2012.
In the originating summons, 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 (now known as RHB Trustees Berhad) (as trustee for SunREIT) was not entitled to bid at the public auction.

On 9 July 2013, the Federal Court has dismissed the applications for leave to appeal filed by Metroplex Holdings Sdn Bhd with costs.

This announcement is dated 9 July 2013.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoSR-130709-E2210

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