|ATRIUM REAL ESTATE INVESTMENT TRUST|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") ACCEPTANCE OF A LETTER OF OFFER FROM PERMODALAN NASIONAL BERHAD (COMPANY NO. 38218-X) ('PNB' OR 'VENDOR') TO SELL PARCELS OF LAND WITH BUILDING(S) ERECTED THEREON HELD UNDER GERAN H.S.(D) 172494 AND GERAN H.S.(D) 167421, TOWN OF SHAH ALAM, MUKIM OF DAMANSARA, DISTRICT OF PETALING AND STATE OF SELANGOR DARUL EHSAN ('PROPERTY') TO ATRIUM REIT FOR A TOTAL CASH CONSIDERATION OF RM45,000,000.00 (RINGGIT MALAYSIA FORTY FIVE MILLION)
The Board of Directors of Atrium REIT Managers Sdn. Bhd., the Manager of Atrium REIT ("the Manager"), wishes to announce that Pacific Trustees Berhad (“PTB” or “Purchaser”), the Trustee of Atrium REIT, has, on 2 July 2019, accepted the letter of offer dated 20 June 2019 from PNB (“Letter of Offer”) in relation to the proposed acquisition of the following properties for a total cash consideration of RM45,000,000.00 (Ringgit Malaysia Forty Five Million) only ("Proposed Acquisition"):-
The details of the Proposed Acquisition are set out in the attachment below.
This announcement is dated 2 July 2019.
Please refer attachment below.
|Company Name||ATRIUM REAL ESTATE INVESTMENT TRUST|
|Date Announced||02 Jul 2019|
|Category||General Announcement for PLC|