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Sale & Purchase Agreement Between Hektar Klasik Sdn Bhd ("HKSB") And Frasers Centrepoint Limited ("FCL") For the Proposed Acquisition Of 40% Interest In hektar Asset Management Sdn Bhd ("Hektar Am") Being The Manager Of Hektar Real Estate Investment Trust ("Hektar Reit") By FCL ("Proposal")

Published : 14 Sep 2007
Announced : 14 Sep 2007

We refer to the announcements dated 16 May 2007, 13 July 2007 and 15 August 2007 in relation to the above.
AmInvestment Bank Bhd (formerly known as AmMerchant Bank Bhd), on behalf of Hektar REIT wishes to announce that FCL and HKSB, the parties to the Sale and Purchase Agreement dated 16 May 2007 ("SPA") for the Proposal, had on 14 September 2007 mutually agreed to further extend the Cut-Off Date as defined under Clause 1.1 of the SPA by an additional one (1) month to 16 October 2007.
Following the approval by the Securities Commission on 13 August 2007, the Proposal and appointment of new Directors are expected to be completed by October 2007.
This announcement is dated 14 September 2007.