TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY") PROPOSED BUILD TO RENT ("BTR") DEVELOPMENT ON A PROPERTY MEASURING 5,390 SQUARE METRES OR 1.33 ACRES AT 21-53 HODDLE STREET, COLLINGWOOD VIC 3066 IN MELBOURNE, AUSTRALIA VIA A COLLABORATION WITH GREYSTAR REAL ESTATE PARTNERS BY WAY OF A CONTRACT OF SALE FOR THE PROPERTY AND A FUND THROUGH AGREEMENT FOR THE DEVELOPMENT OF THE PROPERTY WITH AN ESTIMATED TOTAL TRANSACTION VALUE OF AUD277.3 MILLION
| UEM SUNRISE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY")
PROPOSED BUILD TO RENT ("BTR") DEVELOPMENT ON A PROPERTY MEASURING 5,390 SQUARE METRES OR 1.33 ACRES AT 21-53 HODDLE STREET, COLLINGWOOD VIC 3066 IN MELBOURNE, AUSTRALIA VIA A COLLABORATION WITH GREYSTAR REAL ESTATE PARTNERS BY WAY OF A CONTRACT OF SALE FOR THE PROPERTY AND A FUND THROUGH AGREEMENT FOR THE DEVELOPMENT OF THE PROPERTY WITH AN ESTIMATED TOTAL TRANSACTION VALUE OF AUD277.3 MILLION |
|
Reference is made to our announcement (“Announcement”) dated 21 June 2023 in relation to the Proposed BTR Development. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.
The Company wishes to announce that the Purchaser or Investor has requested for a variation to the terms of the New Equity Investor Condition and Condition Sunset Date of the Fund Through Agreement dated 21 June 2023 and the parties are currently in discussion of the same.
Further announcements will be made as and when there are material developments on the matter.
This announcement is dated 21 June 2024. |
|
Announcement Info
| Company Name | UEM SUNRISE BERHAD |
| Stock Name | UEMS |
| Date Announced | 21 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21062024-00034 |