Bursa Announcements

Date : 01 November 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") (I) PROPOSED ACQUISITION 1; AND (II) PROPOSED ACQUISITION 2

ATRIUM REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT")

(I)	PROPOSED ACQUISITION 1; AND
(II)	PROPOSED ACQUISITION 2

On behalf of the Board of Directors of Atrium REIT Managers Sdn Bhd ("Manager"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Pacific Trustees Berhad, the trustee for Atrium REIT ("Trustee" or "Purchaser"), had, on 1 November 2018, accepted the letter of offer by Lumileds Malaysia Sdn Bhd ("Lumileds" or "Vendor") dated 11 October 2018 for the following ("Letter of Acceptance"):-

  1. Proposed acquisition and leaseback of a piece of leasehold land known as Lot No. 2027 and Plot No. 203, Mukim 12, Daerah Barat Daya, Pulau Pinang held under Pajakan Negeri 2850 and H.S.(D) 14852 respectively, together with the factory and all buildings erected thereon ("Property 1") from the Vendor for a cash consideration of RM50.0 million ("Purchase Consideration 1") ("Proposed Acquisition 1"); and
  2. Proposed acquisition of a lease and leaseback in respect of a piece of leasehold land known as Lot No. 70812, Mukim 12, Daerah Barat Daya, Pulau Pinang held under Pajakan Negeri 9036 ("Lease") together with the factory and all buildings erected thereon ("Property 2") from the Vendor for a cash consideration of RM130.0 million ("Purchase Consideration 2") ("Proposed Acquisition 2").

The Proposed Acquisition 1 and Proposed Acquisition 2 are collectively referred to as the "Proposed Acquisitions".

 

Further details on the Proposed Acquisitions are set out in the attachment below.

 

This announcement is dated 1 November 2018.




Please refer attachment below.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 01 Nov 2018
Category General Announcement for PLC
Reference Number GA1-01112018-00097


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