Bursa Announcements

Date : 04 October 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT SHAH ALAM, SELANGOR DARUL EHSAN

ATRIUM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF PROPERTY SITUATED AT SHAH ALAM, SELANGOR DARUL EHSAN

The Board of Directors of Atrium REIT Managers Sdn. Bhd. ("the Manager"), the Manager of Atrium REIT, wishes to announce that the Trustee of Atrium REIT, Pacific Trustee Berhad ("PTB" or "Purchaser"), has today, entered into a Sale and Purchase Agreement in respect of a double storey office with annexed two (2) adjoining single storey factories located at No. 17, Persiaran Sabak Bernam, Section 26 Shah Alam Industrial Estate, 40000 Shah Alam, Selangor Darul Ehsan (“The Property”) from Pacific BBA (Malaysia) Sdn. Bhd. (Company No. 207788-D) (“PBM” or “the Vendor”) at a purchase consideration of Ringgit Malaysia Twenty Three Million (RM23,000,000.00) only (“Proposed Acquisition”).

 

The details of the Proposed Acquisition of the Property are contained in the attachment below.

 

This announcement is dated 4 October 2016.




Please refer attachment below.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 04 Oct 2016
Category General Announcement for PLC
Reference Number GA1-29072016-00108


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