Announcement Details/Table Section :
On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (“Board”), which is the management company of CMMT (“Manager”), CIMB Investment Bank Berhad (“CIMB”) wishes to announce that the Trustee, on behalf of CMMT, had on 14 June 2011 entered into a conditional sale and purchase agreement with Astral Realty Sdn Bhd (“Vendor”) for the acquisition of a four (4) storey shopping mall with one basement level comprising retail space on the ground, first, second and third floors, together with 1,170 car parking bays at the basement level, surface car park on the ground floor, third floor and on the rooftop known as “East Coast Mall” (“Building”), erected on the leasehold land held under Title No. H.S.(D) 28468, P.T. No. 92050, Bandar Kuantan, Daerah Kuantan, Negeri Pahang Darul Makmur (“Land”), bearing the postal address at East Coast Mall, Jalan Putra Square 6, Putra Square, 25200 Kuantan, Pahang Darul Makmur, for a cash consideration of RM310,000,000.
In addition, on behalf of the Board, CIMB wishes to announce that the Manager proposes to undertake the Proposed Placement.
Further details of the Proposals are set out in the attachment.