AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT”)
PROPOSED ACQUISITION BY MAYBAN TRUSTEES BERHAD ("TRUSTEE"), ACTING AS TRUSTEE FOR AND ON BEHALF OF AmFIRST REIT, FROM MEDA DEVELOPMENT SDN BHD (“MEDA” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF MEDA INC. BERHAD (“MEDA INC.”), OF ALL PROPERTY UNITS OWNED BY THE VENDOR THAT ARE LOCATED WITHIN THE MIXED COMMERCIAL COMPLEX KNOWN AS “THE SUMMIT SUBANG USJ” (“PROPOSED ACQUISITION”)
AMFIRST REAL ESTATE INVESTMENT TRUST
Type
Announcement
Subject
AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT”)
PROPOSED ACQUISITION BY MAYBAN TRUSTEES BERHAD ("TRUSTEE"), ACTING AS TRUSTEE FOR AND ON BEHALF OF AmFIRST REIT, FROM MEDA DEVELOPMENT SDN BHD (“MEDA” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF MEDA INC. BERHAD (“MEDA INC.”), OF ALL PROPERTY UNITS OWNED BY THE VENDOR THAT ARE LOCATED WITHIN THE MIXED COMMERCIAL COMPLEX KNOWN AS “THE SUMMIT SUBANG USJ” (“PROPOSED ACQUISITION”)
Contents
Reference is made to the announcements dated 1 August 2007, 31 October 2007, 30 November 2007, 5 December 2007 and 21 February 2008 in relation to the Proposed Acquisition.
On behalf of the Board of Directors of Am ARA REIT Managers Sdn Bhd, the manager of AmFIRST REIT, AmInvestment Bank Berhad is pleased to announce that the Proposed Acquisition has been completed today, 31 March 2008.
With the completion of acquisition of the aforesaid, AMFIRST REIT is diversifying from a pure office space REIT to include retail space, in line with its objective of focusing in commercial properties and its total assets size now stands at RM835 million.
