BURSA ANNOUCEMENTS

Date : 09 October 2012

MULTIPLE PROPOSALS SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”) I - PROPOSED ACQUISITION OF THE SUNMED PROPERTY FOR A PURCHASE CONSIDERATION OF RM310 MILLION; II - PROPOSED PLACEMENT OF NEW UNITS IN SUNWAY REIT; III - PROPOSED UNITHOLDERS’ MANDATE TO ALLOT AND ISSUE NEW UNITS OF UP TO 20% OF THE APPROVED FUND SIZE OF SUNWAY REIT; AND IV - PROPOSED INCREASE IN FUND SIZE. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”)

I - PROPOSED ACQUISITION OF THE SUNMED PROPERTY FOR A PURCHASE CONSIDERATION OF RM310 MILLION;

II - PROPOSED PLACEMENT OF NEW UNITS IN SUNWAY REIT;

III - PROPOSED UNITHOLDERS’ MANDATE TO ALLOT AND ISSUE NEW UNITS OF UP TO 20% OF THE APPROVED FUND SIZE OF SUNWAY REIT; AND

IV - PROPOSED INCREASE IN FUND SIZE.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of Sunway REIT Management Sdn Bhd, the manager of Sunway REIT (“Manager”), RHB Investment Bank Berhad wishes to announce that OSK Trustees Berhad, as trustee of Sunway REIT (“Trustee”), has on 9 October 2012 entered into a conditional sale and purchase agreement with Sunway Medical Centre Berhad, a subsidiary of Sunway Berhad, for the proposed acquisition of the SunMed Property (as defined herein) for a total purchase consideration of RM310 million. On even date, the Trustee and the Manager have entered into a conditional hospital master lease agreement with SMCB for the lease of the SunMed Property to SMCB which shall commence upon the Completion Date (as defined herein).


In addition, on behalf of the Board, RHB Investment Bank wishes to announce that the Manager proposes to undertake the following:


(a) placement of such number of new units in Sunway REIT to raise gross proceeds of up to RM320 million at an issue price to be determined later by way of bookbuilding;


(b) seek unitholders’ mandate to allot and issue new units of up to 20% of the approved fund size of Sunway REIT pursuant to Clause 14.03 of the Guidelines on Real Estate Investment Trusts issued by the Securities Commission Malaysia; and


(c) increase the existing approved fund size of Sunway REIT from 2,780,112,300 units to up to a maximum of 3,650,888,858 units.


Please refer to the attachment below for further details of the Proposals.


This announcement is dated 9 October 2012.

Attachments

Announcement.pdf
242 KB



Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced9 Oct 2012  
CategoryGeneral Announcement
Reference NoMI-121009-45332

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