Bursa Announcements

Date : 02 July 2019

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)

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")

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"):-

  1. A parcel of land with building(s) erected thereon held under Geran H.S.(D) 172494, Town of Shah Alam, Mukim of Damansara, District of Petaling and State of Selangor Darul Ehsan; and
  2. A parcel of land with building(s) erected thereon held under Geran H.S.(D) 167421, Town of Shah Alam, Mukim of Damansara, in the District of Petaling and State of Selangor Darul Ehsan.

The details of the Proposed Acquisition are set out in the attachment below.

 

This announcement is dated 2 July 2019.




Please refer attachment below.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 02 Jul 2019
Category General Announcement for PLC
Reference Number GA1-27062019-00061


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