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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT") PROPOSED DISPOSAL OF SILVERBIRD COMPLEX BY CIMB ISLAMIC TRUSTEE BERHAD ("TRUSTEE"), AS THE TRUSTEE OF ARREIT TO NIPPON EXPRESS (MALAYSIA) SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM105 MILLION ("PROPOSED DISPOSAL")

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT")

PROPOSED DISPOSAL OF SILVERBIRD COMPLEX BY CIMB ISLAMIC TRUSTEE BERHAD ("TRUSTEE"), AS THE TRUSTEE OF ARREIT TO NIPPON EXPRESS (MALAYSIA) SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM105 MILLION ("PROPOSED DISPOSAL")

AmanahRaya- Kenedix REIT Manager Sdn Bhd ("AKRM"), the Manager of AmanahRaya Real Estate Investment Trust ("ARREIT") wishes to announce that CIMB Islamic Trustee Berhad as Trustee of ARREIT has today entered into a Sale and Purchase Agreement with Nippon Express (Malaysia) Sdn Bhd (Company No. 88466-M) to dispose piece of freehold land located at Lot 72, Persiaran Jubli Perak, Taman Perindustrian Subang Utama, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan held under Geran 285748, Lot 62048, Pekan Baru Hicom, District of Petaling Jaya, State of Selangor for a disposal consideration of RM105 Million ("Proposed Disposal").

 

Further details of the Proposed Disposal is set out in the attachment below.

 

This announcement is dated 14 December 2017.




Please refer attachment below.

Attachments

Proposed Disposal.pdf
141.6 kB



Announcement Info

Company Name AMANAHRAYA REAL ESTATE INVESTMENT TRUST
Stock Name ARREIT
Date Announced 14 Dec 2017
Category General Announcement for PLC
Reference Number GA1-13122017-00043




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