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East Coast Mall Acquisition - Sales and Purchase Agreement Becomes Unconditional

BackNov 10, 2011
Date Announced : 10/11/2011

 

Type : Announcement
Subject :
MULTIPLE PROPOSALS

Description :
CAPITAMALLS MALAYSIA TRUST (“CMMT”)

(I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD, AS TRUSTEE OF CMMT, OF EAST COAST MALL FOR A PURCHASE CONSIDERATION OF RM310,000,000 (“PROPOSED ACQUISITION”); AND

(II) PROPOSED PLACEMENT OF UP TO 298,971,000 NEW UNITS IN CMMT (“PLACEMENT UNITS”) BY WAY OF BOOKBUILDING, REPRESENTING UP TO 20% OF THE EXISTING UNITS IN CMMT PURSUANT TO THE AUTHORITY GRANTED (“PROPOSED PLACEMENT”);

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
   
 

Announcement Details/Table Section :

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.

(Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcement dated 14 June 2011).

We refer to the announcement dated 14 June 2011 in relation to the Proposed Acquisition.

On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd., which is the manager of CMMT, CIMB Investment Bank Berhad wishes to announce that the sale and purchase agreement in respect of East Coast Mall has become unconditional today.

This announcement is dated 10 November 2011.