TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") PROPOSED ACQUISITION OF SIX HYPERMARKETS / RETAIL COMPLEXES BY RHB TRUSTEES BERHAD, ON BEHALF OF SUNWAY REIT, FROM KWASA PROPERTIES SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM520.0 MILLION ("PROPOSED ACQUISITION")
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT")
PROPOSED ACQUISITION OF SIX HYPERMARKETS / RETAIL COMPLEXES BY RHB TRUSTEES BERHAD, ON BEHALF OF SUNWAY REIT, FROM KWASA PROPERTIES SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM520.0 MILLION ("PROPOSED ACQUISITION") |
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Unless otherwise defined, the abbreviations and definitions used in the announcements dated 16 March 2023, 20 March 2023, 27 April 2023, 15 June 2023, 19 September 2023 and 20 November 2023 ("Announcements"), and the circular to the unitholders of Sunway REIT dated 31 May 2023 ("Circular") in relation to the Proposed Acquisition shall apply herein.
We refer to the Announcements and the Circular in relation to the Proposed Acquisition.
On behalf of the Board, RHB Investment Bank wishes to announce that the Parties had executed a third letter supplementing the SPA today to extend the CP Period for a further period commencing from 23 January 2024 to 18 April 2024, to fulfil the Conditions Precedent.
Save as disclosed above, there are no other variation to the terms and conditions of the SPA.
This announcement is dated 8 March 2024. |
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 08 Mar 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05032024-00068 |