Company Announcement: HEKTAR REAL ESTATE INVESTMENT TRUST

Acquisition by AmTrustee Berhad (“AmTrustee” or “Purchaser”) on behalf of Hektar Real Estate Investment Trust (“Hektar REIT”) from Wetex Realty Sdn Bhd (“Wetex” or “Vendor”), of a five (5) storey shopping complex known as “Wetex Parade” (“Mall”) and hotel tower known as “Classic Hotel” (“Hotel”) together with a basement car park held under H. S. (D) 19633, No. Lot PTB 10586 (“PTB10586”) and Geran 84560 (formerly known as Certificate of Title No. 2955), Lot No. 3675 (“Lot 3675”) both in Bandar Maharani, District of Muar, Johor Darul Takzim (collectively “Property”) for a cash purchase consideration of RM117,500,000 (“Acquisition of Property and Lease Back of Hotel”) Read more

(KLSE 18-2-2008)