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ECM
Libra Investment Bank Berhad ("ECM Libra") wishes to announce on behalf
of the Board of Directors of AmanahRaya-REIT Managers Sdn Bhd, the
management company of AmanahRaya REIT ("ARRM" or the "Manager") that
the Manager has proposed for the REIT to acquire the following
properties from Amanah Raya Berhad, as trustee for Kumpulan Wang
Bersama ("KWB") ("ARB" or the "Vendor"):
(a) a piece of leasehold land held under PM 11660, Lot 38451, Bandar
Selayang, District of Gombak, Selangor Darul Ehsan, on which is erected
a 6-storey shopping complex with a basement level, known as "Selayang
Mall", for an indicative purchase consideration of RM128,000,000
("Proposed Selayang Mall Acquisition"); and
(b) a 13-storey stratified office building which forms part of the Dana
1 Commercial Centre, which is held under the parent title Pajakan
Negeri 8024, Lot 59214, Mukim Damansara, District of Petaling, Selangor
Darul Ehsan, known as "Dana 13", for an indicative purchase
consideration of RM99,000,000 ("Proposed Dana 13 Acquisition").
(collectively, the "Proposed Acquisitions")
In conjunction with the Proposed Acquisitions, AmanahRaya REIT proposes to undertake the following:
(a) a proposed placement of such number of new units in AmanahRaya REIT
("Placement Units") to raise proceeds of RM119,000,000 at an issue
price to be determined later, to investors to be identified ("Proposed
Placement"); and
(b) a proposed increase in the existing approved fund size of
AmanahRaya REIT of 431,553,191 units, by such number of Placement Units
to be issued under the Proposed Placement ("Proposed Increase in Fund
Size").
(collectively, the Proposed Acquisitions, Proposed Placement and
Proposed Increase in Fund Size shall be referred to as the "Proposals")
The details of the Proposals are set out in the attachment.
This announcement is dated 15 January 2010. |
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