TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AL-AQAR HEALTHCARE REIT ("AL-'AQAR" OR "REIT") PROPOSED RENEWAL OF LEASE OF THE PROPERTIES BETWEEN THE SUBSIDIARIES AND ASSOCIATED COMPANY OF KPJ HEALTHCARE BERHAD WITH AMANAHRAYA TRUSTEES BERHAD AND DAMANSARA REIT MANAGERS SDN BERHAD FOR AND ON BEHALF OF AL- AQAR ("PROPOSED LEASE RENEWAL")

AL-`AQAR HEALTHCARE REIT

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AL-AQAR HEALTHCARE REIT ("AL-'AQAR" OR "REIT")

PROPOSED RENEWAL OF LEASE OF THE PROPERTIES BETWEEN THE SUBSIDIARIES AND ASSOCIATED COMPANY OF KPJ HEALTHCARE BERHAD WITH AMANAHRAYA TRUSTEES BERHAD AND DAMANSARA REIT MANAGERS SDN BERHAD FOR AND ON BEHALF OF AL- AQAR ("PROPOSED LEASE RENEWAL")

On behalf of the Board of Directors of Damansara REIT Managers Sdn Berhad, the manager of Al-‘Aqar (“Manager”), KAF Investment Bank Berhad wishes to announce that the Manager and AmanahRaya Trustees Berhad (acting solely in its capacity as trustee for and on behalf of Al-‘Aqar) proposes to enter into five (5) separate lease agreements with the subsidiaries and associated company of KPJ Healthcare Berhad to renew the lease of the Lease Properties.

Please refer to the attachment for further details on the Proposed Lease Renewal.

This announcement is dated 27 June 2023.






Announcement Info

Company Name AL-`AQAR HEALTHCARE REIT
Stock Name ALAQAR
Date Announced 27 Jun 2023
Category General Announcement for PLC
Reference Number GA1-27062023-00072