On behalf of the Board of Directors of Comcorp, RHB Investment Bank Berhad wishes to announce the following:
(a) a conditional Sale and Purchase Agreement (SPA) entered into between Comintel and CIMB Trustee in its capacity as trustee on behalf of AmanahRaya REIT on 23 April 2014 for the sale of a piece of freehold land held under individual Title No. GRN 86648, Lot 52802 Bandar Glenmarie, District of Petaling, together with a five (5)-storey office building with a basement carpark erected thereon bearing the postal address No. 37, Jalan Pelukis U1/46, Section U1, Temasya Industrial Park, 40150 Glenmarie, Shah Alam, Selangor Darul Ehsan and equipment as set out in the SPA for a total cash consideration of RM30,000,000; and
(b) a lease agreement (Lease Agreement) entered into between Comintel and CIMB Trustee on behalf of AmanahRaya REIT on 23 April 2014 to lease the Property from CIMB Trustee, subject to terms and conditions of the Lease Agreement, for a period of fifteen (15) years from the completion date of the SPA and extendable at Comintels option for a further period of five (5) years on terms and revised rental to be mutually agreed upon.
(collectively to be referred to as the Proposed Sale and Leaseback).
Further details of the Proposed Sale and Leaseback as attached.
This announcement is dated 23 April 2014.