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Announcement By Quill Capita Trust : Execution Of Heads Of Agreement

BackJan 29, 2014
Title
  • Announcement by Quill Capita Trust : Execution of Heads of Agreement
Acquisitions and Disposals
  • Changes in Company's Interest
Description The above announcement in relation to the execution of Heads of Agreement between Quill Capita Trust ("QCT") and MRCB Sentral Properties Sdn Bhd, a wholly-owned subsidiary of Malaysian Resources Corporation Berhad, issued by Quill Capita Management Sdn Bhd ("QCM"), as manager of QCT, to the Bursa Malaysia Securities Berhad, is attached for information.

CCT Group's investment in QCT comprises less than 1% of CCT's total assets. Hence, the proposed acquisition as described in the announcement by QCT is not expected to have any material impact on CCT's distribution per unit or net asset value per unit. Currently, 40.0% of QCM is owned by CapitaLand RECM Pte. Ltd. ("CRPL"), which is a related company of the manager of CCT (CapitaCommercial Trust Management Limited ("CCTML")). Both CCTML and CRPL are wholly-owned subsidiaries of CapitaLand Limited.

Based on the attached announcement issued by QCM, the proposed acquisition as described in the announcement is not expected to have a material financial impact on the distribution per CCT unit or the net asset value of CCT.

 

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