TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") PROPOSED ACQUISITION OF SIX HYPERMARKETS / RETAIL COMPLEXES FROM KWASA PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND, BY RHB TRUSTEES BERHAD (AS THE TRUSTEE OF SUNWAY REIT) FOR A TOTAL CASH CONSIDERATION OF RM520.0 MILLION
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT")
PROPOSED ACQUISITION OF SIX HYPERMARKETS / RETAIL COMPLEXES FROM KWASA PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND, BY RHB TRUSTEES BERHAD (AS THE TRUSTEE OF SUNWAY REIT) FOR A TOTAL CASH CONSIDERATION OF RM520.0 MILLION |
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On behalf of the Board of Directors of Sunway REIT Management Sdn. Bhd., being the manager of Sunway REIT, RHB Investment Bank Berhad wishes to announce that RHB Trustees Berhad, as the trustee of Sunway REIT, had on 16 March 2023 entered into a conditional sale and purchase agreement with Kwasa Properties Sdn. Bhd., a wholly-owned subsidiary of the Employees Provident Fund, for the proposed acquisition of six hypermarkets / retail complexes for a total cash consideration of RM520.0 million (“Proposed Acquisition”).
Please refer to the attachment below for further details of the Proposed Acquisition.
This announcement is dated 16 March 2023.
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Please refer attachment below.
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 16 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15032023-00039 |