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Proposed Acquisition By Axis Real Estate Investment Trust (“Axis-REIT” or the “Fund”) of a leasehold industrial property comprising a single storey detached factory, with ancillary buildings with an approximate built-up area of 12,145.24 sq. metres erected on land held under H.S.(D) 437877 for PTD 190745 in the Mukim of Plentong, Daerah of Johor Bahru, State of Johor measuring approximately 20,240.226 sq. metres (the “Property”) which 60 years’ leasehold tenure will be expiring on 23 January 2067 from Oriental Pulse Sdn Bhd (No. 627687-X) for a total lump sum cash consideration of RM 12.5 Million (“Proposed Acquisition of the Property”)(31-1-2008 KLSE)
