OTHERS AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("AMANAHRAYA REIT" OR "THE FUND") (I) PROPOSED CHANGE IN THE SHAREHOLDING STRUCTURE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")
| Type | Announcement |
| Subject | OTHERS |
| Description | AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("AMANAHRAYA REIT" OR "THE FUND") (I) PROPOSED CHANGE IN THE SHAREHOLDING STRUCTURE; AND (II) PROPOSED CHANGE OF NAME (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS") |
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(Unless stated otherwise, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 19 December 2016 in relation to the Proposals.) We refer to the announcements dated 19 December 2016 and 20 December 2016 in respect of the Proposals. On behalf of the Board of ARRM, MIDF Investment wishes to announce that the SC vide its letter dated 28 February 2017 had approved the proposal to dispose of 735,000 ordinary shares of RM1.00 each, representing a 49% stake in ARRM, by ARB to KDA Capital, a wholly-owned subsidiary of Kenedix Asia. The approval of the SC is subject to the following conditions: (a) as a licensed person, ARRM is reminded of its responsibilities to ensure compliance with the securities laws, regulations and guidelines at all times; and (b) the SC be notified upon the completion of the Proposed Change in the Shareholding Structure.
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