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Letter of Intent from Tropicana City Sdn. Bhd.

BackAug 23, 2013
Type Announcement
Subject OTHERS
Description CapitaMalls Malaysia Trust (“CMMT”) – Letter of Intent from Tropicana City Sdn. Bhd.

The Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd., manager of CMMT, wishes to announce that AmTrustee Berhad, on behalf of CMMT as trustee, has on 23 August 2013 received a Letter of Intent (“LI”) from Tropicana City Sdn. Bhd. (“TCSB”), a wholly-owned subsidiary of Tropicana Corporation Berhad (formerly known as Dijaya Corporation Berhad) offering CMMT the opportunity to explore the acquisition of the following properties (“Proposed Acquisition”): - 

(1)          A four (4) storey shopping mall known as “Tropicana City Mall” (“Retail Mall”) and part of lower ground, Basement 1, Basement 2 and Basement 3 comprising 1,759 vehicle parking bays (“Car Parks”) (which are designated for the exclusive use for the Retail Mall and the Office Tower); and

(2)      A twelve (12) storey office building known as the “Tropicana City Office Tower” (the “Office Tower”), 

erected on a master title held under Geran 54431, Lot 45821, Section 39, Bandar Petaling Jaya, District of Petaling, State of Selangor. 

With the signing of the LI, an exclusive period for the due diligence will be granted to CMMT and upon being satisfied with the results, CMMT shall proceed to enter into negotiations on the terms for the Proposed Acquisition.

The LI does not constitute any legal binding obligation between TCSB and CMMT to proceed with the Proposed Acquisition until the execution of a definitive and binding agreement.

Further details will be announced at the appropriate time. 

This announcement is dated 23 August 2013.  

 

 

 


Announcement Info

Company Name CAPITAMALLS MALAYSIA TRUST  
Stock Name CMMT    
Date Announced 23 Aug 2013  
Category General Announcement
Reference No CG-130822-64056

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