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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF MENARA GUOCO BY DC OFFICES SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF GUOCOLAND (MALAYSIA) BERHAD, TO MTRUSTEE BERHAD, THE TRUSTEE OF TOWER REAL ESTATE INVESTMENT TRUST

GUOCOLAND (MALAYSIA) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF MENARA GUOCO BY DC OFFICES SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF GUOCOLAND (MALAYSIA) BERHAD, TO MTRUSTEE BERHAD, THE TRUSTEE OF TOWER REAL ESTATE INVESTMENT TRUST

GuocoLand (Malaysia) Berhad (“Company”) wishes to announce that DC Offices Sdn Bhd (“DC Offices”), an indirect wholly-owned subsidiary of the Company, has entered into a conditional sale and purchase agreement with MTrustee Berhad, the trustee of Tower Real Estate Investment Trust, today for the proposed disposal by DC Offices of an office building known as Menara Guoco for a cash consideration of RM242.1 million (“Proposed Disposal”).

Please refer to the attached announcement for the details of the Proposed Disposal.

This announcement is dated 2 March 2020.

 

 




Please refer attachment below.



Announcement Info

Company Name GUOCOLAND (MALAYSIA) BERHAD
Stock Name GUOCO
Date Announced 02 Mar 2020
Category General Announcement for PLC
Reference Number GA1-28022020-00098


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