Asset Acquisitions and Disposals::Announcement by Quill Capita Trust : Execution of conditional Sale and Purchase Agreement

Issuer & Securities

Issuer/ Manager
CAPITACOMMERCIAL TRUST MANAGEMENT LIMITED
Securities
CAPITACOMMERCIAL TRUST - SG1P32918333 - C61U

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
11-Apr-2014 08:52:53
Status
New
Announcement Sub Title
Announcement by Quill Capita Trust : Execution of conditional Sale and Purchase Agreement
Announcement Reference
SG140411OTHRHKVH
Submitted By (Co./ Ind. Name)
Doris Lai
Designation
Company Secretary, CapitaCommercial Trust Management Limited (As manager of CapitaCommercial Trust)
Description (Please provide a detailed description of the event in the box below)
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.

Attachments

QCT_Announcement_10April2014.pdf
Total size =1077K