Bursa Announcements

Date : 27 December 2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT") PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ON BEHALF OF ATRIUM REIT OF 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") FROM PERMODALAN NASIONAL BERHAD ("PNB" OR "THE VENDOR") FOR A CASH CONSIDERATION OF RM45.0 MILLION ("PROPOSED ACQUISITION")

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")

PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD ON BEHALF OF ATRIUM REIT OF 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") FROM PERMODALAN NASIONAL BERHAD ("PNB" OR "THE VENDOR") FOR A CASH CONSIDERATION OF RM45.0 MILLION ("PROPOSED ACQUISITION")

We refer to the announcement dated 2 July 2019 on the acceptance of the letter of offer dated 20 June 2019 from PNB (“Letter of Offer”) in respect of the Proposed Acquisition.

 

The Board of Directors of Atrium REIT Managers Sdn Bhd (“Manager”), wishes to announce that Pacific Trustees Berhad, the trustee for Atrium REIT (“Trustee” or “Purchaser”), had, on 27 December 2019 entered into a conditional sale and purchase agreement (“SPA”) with PNB in relation to the proposed acquisition of the Property for a cash consideration of RM45.0 million (“Purchase Price”). 

 

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

 

This announcement is dated 27 December 2019.




Please refer attachment below.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 27 Dec 2019
Category General Announcement for PLC
Reference Number GA1-02102019-00025


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