TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS TOWER REAL ESTATE INVESTMENT TRUST ("TOWER REIT") PROPOSED ACQUISITION
| TOWER REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | TOWER REAL ESTATE INVESTMENT TRUST ("TOWER REIT")
PROPOSED ACQUISITION |
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On behalf of the Board of Directors of GLM REIT Management Sdn Bhd, the management company of Tower REIT, Hong Leong Investment Bank Berhad wishes to announce that MTrustee Berhad, the trustee of Tower REIT, has entered into a conditional sale and purchase agreement with DC Offices Sdn Bhd today for the proposed acquisition of an office building known as Menara Guoco for a cash consideration of RM242.1 million ("Proposed Acquisition"). |
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Please refer attachment below.
Announcement Info
| Company Name | TOWER REAL ESTATE INVESTMENT TRUST |
| Stock Name | TWRREIT |
| Date Announced | 02 Mar 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17022020-00044 |