Announcement Title | Asset Acquisitions and Disposals |
Announcement Subtitle | Announcement by Quill Capita Trust : Execution of conditional Sale and Purchase Agreement |
Securities | CAPITACOMMERCIAL TRUST (CCT) |
Date & Time of Broadcast | Apr 11, 2014 8:52 |
Submitted By | Doris Lai Company Secretary, CapitaCommercial Trust Management Limited (As manager of CapitaCommercial Trust) |
Description | The announcement issued by Quill Capita Management Sdn Bhd ("QCM"), as manager of Quill Capita Trust ("QCT"), to the Bursa Malaysia Securities Berhad, is attached for information. CapitaCommercial Trust ("CCT) Group's investment in QCT comprises less than 1% of CCT's total assets. 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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