SUNREIT

1.510

(%)

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

Unless otherwise defined, the abbreviations and definitions used in the announcement dated 16 March 2023 ("Announcement") shall apply herein.

 

We refer to the Announcement in relation to the Proposed Acquisition.

 

On behalf of the Board, RHB Investment Bank wishes to announce that we have submitted the valuation reports for the Properties dated 16 March 2023, prepared by Knight Frank Malaysia Sdn. Bhd., to Bursa Securities for the Proposed Acquisition.

 

This announcement is dated 20 March 2023.

 






Announcement Info

Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 20 Mar 2023
Category General Announcement for PLC
Reference Number GA1-17032023-00097