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 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||
| Subject | MULTIPLE PROPOSALS | ||||||||||||||||||||||||||||||||||||||||
| Description | 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” | ||||||||||||||||||||||||||||||||||||||||
We refer to the announcements dated 9 October 2012, 10 October 2012, 28 November 2012 and 30 November 2012 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of the Board of Directors of the Manager, RHB Investment Bank is pleased to announce that all of the ordinary resolutions as set out in the Notice of Unitholders’ Meeting of Sunway REIT dated 3 December 2012 were duly passed today by the unitholders, by way of poll. The poll results of the Unitholders’ Meeting are as follows:
* Negligible With the approval of the unitholders obtained at the Unitholders’ Meeting, all the conditions precedent under the SPA have been fulfilled/obtained. Accordingly, the SPA has become unconditional today. This announcement is dated 18 December 2012.
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 18 Dec 2012 |
| Category | General Announcement |
| Reference No | MI-121218-62610 |