Bursa Announcements

Date : 02 December 2020

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 previous announcements dated 2 July 2019, 27 December 2019, 2 January 2020, 9 October 2020 and 9 November 2020 in respect of the Proposed Acquisition.


The Board of Directors of Atrium REIT Managers Sdn Bhd (“Manager”), the Manager of Atrium REIT, wishes to announce that all the conditions precedent set out in the Sale and Purchase Agreement ("SPA") have been fulfilled. Accordingly, the SPA has become unconditional on 26 November 2020.


This announcement is dated 2 December 2020.



Announcement Info

Company Name ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name ATRIUM
Date Announced 02 Dec 2020
Category General Announcement for PLC
Reference Number GA1-24112020-00062


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