Investor Info


Announcements

 

Multiple Proposals

Published : 07 Jul 2017
Announced : 07 Jul 2017

Type Announcement
Subject MULTIPLE PROPOSALS
Description
HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT")    (I)	PROPOSED ACQUISITION;    (II)	PROPOSED RIGHTS ISSUE;    (III)	PROPOSED ISSUANCE TO MANAGER;    (IV)	PROPOSED AUTHORITY; AND    (V)	PROPOSED INCREASE IN FUND SIZE     (COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Reference is made to Hektar REIT’s announcements dated 10 June 2016, 5 September 2016, 9 January 2017, 14 February 2017, 20 February 2017, 13 April 2017, 22 May 2017 and 13 June 2017 in relation to the Proposals (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements)

On 9 January 2017, on behalf of the Board, Maybank IB announced that the Conditional Period had been extended from 10 January 2017 up to 9 July 2017 (“First Extended Conditional Period”).

On behalf of the Board, Maybank IB wishes to announce that as at the date of this Announcement (being the last business day of the First Extended Conditional Period), TDSB has yet to fulfil certain of the conditions precedent of the SPA.

In this regard, the Company and TDSB had, by way of an exchange of letters dated 7 July 2017, mutually agreed to extend the First Extended Conditional Period for a period of up to 1 month i.e. up to 9 August 2017.

This Announcement is dated 7 July 2017.