Date : 14 November 2024

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT") PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF A PROPERTY LOCATED AT GERIK, PERAK FOR A CASH PURCHASE CONSIDERATION OF RM14.8 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY")

KIP REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT") 

PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF A PROPERTY LOCATED AT GERIK, PERAK FOR A CASH PURCHASE CONSIDERATION OF RM14.8 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY")

Reference is made to KIP REIT's announcement on 23 August 2024 in relation to the Proposed Acquisition ("Announcement"). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcement.

 

The Board of Directors of KIP REIT Management Sdn Bhd ("Board"), the management company of KIP REIT, wishes to announce that the Trustee, on behalf of KIP REIT had completed the acquisition of the Property in Gerik, Perak today in accordance with the terms and conditions of the SPA dated 23 August 2024.

 

This announcement is dated 14 November 2024.



Announcement Info

Company Name KIP REAL ESTATE INVESTMENT TRUST
Stock Name KIPREIT
Date Announced 14 Nov 2024
Category General Announcement for PLC
Reference Number GA1-08112024-00031


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