| ATRIUM REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | ATRIUM REAL ESTATE INVESTMENT TRUST ("ATRIUM REIT")
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING AS THE TRUSTEE OF ATRIUM REIT, OF A LEASEHOLD LAND HELD UNDER TITLE NO. H.S.(D) 324738, PT -, TEMPAT INDUSTRIAL SITE AT BATU TIGA, MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR DARUL EHSAN TOGETHER WITH ALL THE BUILDINGS AND STRUCTURES ERECTED THEREON ("SUBJECT PROPERTY") FROM A RELATED PARTY, AMAZING BLITZ SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM41.00 MILLION |
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On behalf of the Board of Directors of Atrium REIT Managers Sdn Bhd, being the management company of Atrium REIT, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that Pacific Trustees Berhad, for and on behalf of Atrium REIT, had on 2 November 2023 entered into a conditional sale and purchase agreement with Amazing Blitz Sdn Bhd, for the acquisition of the Subject Property for a total cash consideration of RM41.00 million (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment below.
This announcement is dated 2 November 2023. |
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Please refer attachment below.
| Company Name | ATRIUM REAL ESTATE INVESTMENT TRUST |
| Stock Name | ATRIUM |
| Date Announced | 02 Nov 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02112023-00061 |