OTHERS AmanahRaya Real Estate Investment Trust (ARREIT)
| Type | Announcement |
| Subject | OTHERS |
| Description | AmanahRaya Real Estate Investment Trust (ARREIT) |
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Proposed Acqusition 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 Acqusition")
(Unless otherwise defined herein, the definition used in this announcement shall carry the same meaning as defined in the announcements dated 20 April 2016 in relation of the Proposed Acquisition)
On Behalf of the Board of Directors of ARRM, is pleased to announce that in accordance to the SPA, the Acquisition is completed today.
Simultaneously, the Lease Agreement dated 11 August 2016 will commence on this date.
This announcement is dated 11 August 2016. |
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