Mercury Securities
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Earn MS Coin when you trade with MST28. Check out MST28.
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Get FREE real time quotes on our website & App. Check out MST28.
Open Trading Account
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


Circular/Notice to Shareholders

GUOCOLAND (MALAYSIA) BERHAD

SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO THE:-

PART A
(I) PROPOSED DISPOSALS OF THE FOLLOWING PROPERTlES TO A REAL ESTATE INVESTMENT TRUST TO BE CONSTITUTED ("GLM REIT"):

- 2 BLOCKS OF OFFICE BUILDINGS KNOWN AS HP TOWERS OWNED BY PROPHILLS DEVELOPMENT SDN BHD, OUR INDIRECT WHOLLY-OWNED SUBSIDIARY, FOR A TOTAL CONSIDERATION OF RM130,000,000 TO BE SATISFIED BY THE ISSUE OF 35,625,000 UNITS IN GLM REIT AT AN ISSUE PRICE OF RM1.00 PER UNIT AND THE BALANCE IN CASH AMOUNTING TO RM94,375,000; AND

- A 32 STOREY HIGH-RISE OFFICE BUlLDlNG KNOWN AS MENARA HLA OWNED BY KIAPENG DEVELOPMENT SDN BHD ("KDSB"), OUR INDIRECT 70%-OWNED SUBSIDIARY, FOR A CASH CONSIDERATION OF RM221,000,000;

(II) PROPOSED MASTER TENANCY ARRANGEMENT BETWEEN KDSB AND THE TRUSTEE FOR GLM REIT, FOR KDSB TO TAKE A TENANCY IN MENARA HLA; AND

(III) PROPOSED APPOINTMENT OF GLM RElT MANAGEMENT SDN BHD (FORMERLY KNOWN AS
PREMIUMVIEW DEVELOPMENT SDN BHD) AS THE MANAGEMENT COMPANY TO ADMINISTER AND MANAGE GLM REIT (I, II AND III ARE COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

PART B - INDEPENDENT ADVICE TO OUR NON-INTERESTED SHAREHOLDERS IN RELATION TO THE PROPOSALS
Content


Announcement Info

Company NameGUOCOLAND (MALAYSIA) BERHAD  
Stock Name GUOCO    
Date Announced30 Nov 2005  
CategoryDocument Receipt
Reference NoRM-051130-39638



Close