TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SENTRAL REIT ("SENTRAL") PROPOSED ACQUISITION OF THIRTY EIGHT (38) STRATIFIED RETAIL UNITS AND ONE THOUSAND FOUR HUNDRED AND THIRTY TWO (1,432) CAR PARK BAYS AS PART OF ARCORIS PLAZA DEVELOPMENT BY MAYBANK TRUSTEES BERHAD, ACTING SOLELY IN THE CAPACITY AS TRUSTEE FOR SENTRAL ("TRUSTEE"), FROM ARCORIS SDN BHD ("REGISTERED PROPRIETOR") AND SUN VICTORY SDN BHD ("VENDOR") FOR A PURCHASE CONSIDERATION OF RM70.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")
| SENTRAL REIT |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SENTRAL REIT ("SENTRAL")
PROPOSED ACQUISITION OF THIRTY EIGHT (38) STRATIFIED RETAIL UNITS AND ONE THOUSAND FOUR HUNDRED AND THIRTY TWO (1,432) CAR PARK BAYS AS PART OF ARCORIS PLAZA DEVELOPMENT BY MAYBANK TRUSTEES BERHAD, ACTING SOLELY IN THE CAPACITY AS TRUSTEE FOR SENTRAL ("TRUSTEE"), FROM ARCORIS SDN BHD ("REGISTERED PROPRIETOR") AND SUN VICTORY SDN BHD ("VENDOR") FOR A PURCHASE CONSIDERATION OF RM70.0 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION") |
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Unless otherwise stated, defined terms as set out in the announcement dated 27 May 2025 in relation to the Proposed Acquisition shall apply herein.
On behalf of the board of directors of Sentral REIT Management Sdn Bhd, the management company of SENTRAL (“Manager”), wishes to announce that the Ministry of Economy vide its letter dated 2 October 2025, has no objection on the Proposed Acquisition.
Accordingly, all the conditions precedents as set out in the sale and purchase agreement (“SPA”) have been fulfilled and the SPA has become unconditional as at 2 October 2025.
This announcement is dated 2 October 2025. |
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Announcement Info
| Company Name | SENTRAL REIT |
| Stock Name | SENTRAL |
| Date Announced | 02 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02102025-00076 |