OTHERS Proposed Acquisition by CIMB Islamic Trustee Berhad, as Trustee of ARREIT of single storey factory annexed with three storey office building erected on a piece of freehold land held under individual title HSD 479596, Lot No. PTD 6861, Mukim of Jelutong, District of Johor Bahru, State of Johor (collectively referred to as the Property) from Pipeline Distribution (M) Sdn. Bhd. (Company No. 406132-A) for a cash consideration of RM24,000,000.00 ("Proposed Acquisition")
| Type | Announcement |
| Subject | OTHERS |
| Description | Proposed Acquisition by CIMB Islamic Trustee Berhad, as Trustee of ARREIT of single storey factory annexed with three storey office building erected on a piece of freehold land held under individual title HSD 479596, Lot No. PTD 6861, Mukim of Jelutong, District of Johor Bahru, State of Johor (collectively referred to as the Property) from Pipeline Distribution (M) Sdn. Bhd. (Company No. 406132-A) for a cash consideration of RM24,000,000.00 ("Proposed Acquisition") |
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The Board of Directors of AmanahRaya-REIT Managers Sdn. Bhd. ("ARRM" or "Manager"), the Management Company of ARREIT wishes to announce that on 20 April 2016, CIMB Islamic Trustee Berhad ("Trustee" or "Purchaser" or "Landlord") as Trustee of ARREIT has entered into a Sale and Purchase Agreement ("SPA") with Pipeline Distribution (M) Sdn. Bhd ("Vendor") to acquire the Property (as defined hereafter) for a purchase price of RM24,000,000.00 ("Purchase Price").
This announcement is dated 20 April 2016. |
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