TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS IGB REAL ESTATE INVESTMENT TRUST ("IGB REIT") PROPOSED ACQUISITION BY MTRUSTEE BERHAD, ACTING AS THE TRUSTEE FOR AND ON BEHALF OF IGB REIT ("TRUSTEE"), OF THE MALL, MID VALLEY SOUTHKEY, JOHOR TOGETHER WITH THE RELATED ASSETS AND RIGHTS FROM SOUTHKEY MEGAMALL SDN BHD ("SMSB") FOR A PURCHASE CONSIDERATION OF RM2.65 BILLION ("PROPOSED ACQUISITION")
| IGB REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | IGB REAL ESTATE INVESTMENT TRUST ("IGB REIT")
PROPOSED ACQUISITION BY MTRUSTEE BERHAD, ACTING AS THE TRUSTEE FOR AND ON BEHALF OF IGB REIT ("TRUSTEE"), OF THE MALL, MID VALLEY SOUTHKEY, JOHOR TOGETHER WITH THE RELATED ASSETS AND RIGHTS FROM SOUTHKEY MEGAMALL SDN BHD ("SMSB") FOR A PURCHASE CONSIDERATION OF RM2.65 BILLION ("PROPOSED ACQUISITION") |
On behalf of the board of directors of IGB REIT Management Sdn Bhd, the management company of IGB REIT, Maybank Investment Bank Berhad and Hong Leong Investment Bank wish to announce that the Trustee had, on 24 June 2025, entered into a conditional sale and purchase agreement with SMSB for the Proposed Acquisition. Please refer to the attachment for details on the Proposed Acquisition. This announcement is dated 24 June 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | IGB REAL ESTATE INVESTMENT TRUST |
| Stock Name | IGBREIT |
| Date Announced | 24 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23062025-00037 |