| General Announcement |
| Submitting Merchant Bank |
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ASEAMBANKERS MALAYSIA BERHAD |
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| Type | : | Announcement |
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| Subject | : | AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("AMANAHRAYA REIT" OR "FUND") · PROPOSED PRIVATE PLACEMENT; AND · PROPOSED ACQUISITIONS REFERRED TO HEREINAFTER AS THE "PROPOSALS" |
Contents :
- On behalf of the Board of Directors of AmanahRaya-JMF Asset
Management Sdn Bhd ("ARJMF" or the "Manager"), the management company
of AmanahRaya REIT, Aseambankers Malaysia Berhad ("Aseambankers")
wishes to announce that the Board of Directors of ARJMF on behalf of
AmanahRaya REIT proposes to undertake the following:
(ii) proposed acquisition of the entire interest of the following properties from Amanah Raya Berhad (as trustees for Kumpulan Wang Bersama) ("ARB") to be satisfied by the issuance of new units in AmanahRaya REIT at an issue price of RM0.94 per unit ("Consideration Units") as follows:-
- (a) two (2) distinct parcels of
leasehold industrial land held under (a) State Lease bearing Pajakan
Negeri No. 4564 for Lot No. 11614 and (b) Qualified Title No. HSM 19795
for Lot No. P.T. 21596, all situated in the Mukim and District of
Klang, State of Selangor Darul Ehsan and on which is erected a bonded
warehouse complex ("Tamadam"), for an indicative purchase consideration
of RM28.5 million to be satisfied by the issuance of 30,319,149
Consideration Units ("Proposed Tamadam Acquisition");
- (b) a parcel of freehold (grant-in-perpetuity) industrial land,
which is held under Qualified Title bearing HSD No. 232293 for Lot No.
P.T. 93, Pekan Baru Hicom (formerly Mukim of Damansara), District of
Petaling, State of Selangor Darul Ehsan and on which is erected an
industrial complex ("Silverbird") for an indicative purchase
consideration of RM92.0 million to be satisfied by the issuance of
97,872,340 Consideration Units ("Proposed Silverbird Acquisition");
- (c) two (2) parcels of leasehold industrial land which are held
under Qualified Titles bearing HSD Nos. 97328 and 97329 for Lot Nos.
P.T. 611 and P.T. 612, Town of Shah Alam, District of Petaling, State
of Selangor Darul Ehsan and on which are erected two (2) industrial
complexes ("AIC") for an indicative purchase consideration of RM19.2
million to be satisfied by the issuance of 20,425,532 Consideration
Units ("Proposed AIC Acquisition");
(iii) proposed acquisition of the entire interest in a parcel of leasehold commercial land identified as Developer's Lot No. 9 which is located in the Mukim of Sungai Buloh, District of Petaling, State of Selangor Darul Ehsan and on which is erected an institutional complex ("SEGI") from SEG International Bhd for an indicative purchase consideration of RM145.0 million to be satisfied wholly by cash ("Proposed SEGI Acquisition");
(iv) proposed acquisition of the entire interest in a parcel of leasehold industrial land known as Plot No. 61B which is held under a Master Title bearing HSD No. 60855 for Lot No. P.T. 6736, Town of Gurun, District of Kuala Muda, State of Kedah Darul Aman and on which is erected an industrial complex ("Gurun") from Teras Globalmas Sdn Bhd for an indicative consideration of RM23.97 million to be satisfied wholly by cash ("Proposed Gurun Acquisition").
The Proposed Tamadam Acquisition, Proposed Silverbird Acquisition, Proposed AIC Acquisition, Proposed SEGI Acquisition and Proposed Gurun Acquisition are collectively known as "Proposed Acquisitions".
The vendors of the aforesaid properties have agreed in principle to sell the aforesaid properties to AmanahRaya REIT subject to the signing of the sale and purchase agreements at a later date.
- The details of the Proposals are set out in the attachments.
This announcement is dated 8 June 2007.
ATTACHMENT
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