We wish to announce that the 4 Ordinary Resolutions set out in the Notice of Unitholders' Meeting of KIP Real Estate Investment Trust ("KIP REIT") held on 23 January 2025 were duly passed by way of poll.
The results of the poll as stated below were duly verified by Sky Corporate Services Sdn. Bhd., the Independent Scrutineer appointed by KIP REIT.
This announcement is dated 23 January 2025.
Voting Results |
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1. ORDINARY RESOLUTION 1 |
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Description |
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT ("TRUSTEE"), OF THE LEASEHOLD INTEREST WITH AN UNEXPIRED TERM OF APPROXIMATELY 74 YEARS IN A SINGLE STOREY DETACHED FACTORY WITH A MEZZANINE FLOOR AND A FOUR (4) STOREY OFFICE BUILDING ANNEXED BEARING POSTAL ADDRESS NO. 35, JALAN CJ 1/1, KAWASAN PERUSAHAAN CHERAS JAYA, 43200 CHERAS, SELANGOR DARUL EHSAN HELD UNDER TITLE NO. HS(M) 13156, LOT NO. PT 23677, TEMPAT OF CHERAS JAYA, MUKIM OF CHERAS, DISTRICT OF ULU LANGAT, STATE OF SELANGOR ("SUBJECT PROPERTY 1") FROM SIN CHEE HENG SDN BHD ("SCHSB"), FOR A CASH CONSIDERATION OF RM22.60 MILLION, TOGETHER WITH A TENANCY AGREEMENT SIGNED IN ESCROW BY THE TRUSTEE AND SCHSB FOR SCHSB TO RENT THE SUBJECT PROPERTY 1 FROM THE TRUSTEE FOR A FIXED TERM OF 3 YEARS WITH AUTOMATIC RENEWALS OF 3 CONSECUTIVE TERMS OF 3 YEARS EACH ("PROPOSED ACQUISITION 1") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 160 | 28 |
No. of Shares | 243,227,289 | 164,422 |
% of Voted Shares | 99.9324 | 0.0676 |
Result | Accepted | |
2. ORDINARY RESOLUTION 2 |
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Description |
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACTY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF THE LEASEHOLD INTEREST WITH AN UNEXPIRED TERM OF APPROXIMATELY 34 YEARS IN A DOUBLE STOREY OFFICE CUM SIX (6) STOREY PROCESSING PLANT AND ANCILLARY BUILDING BEARING POSTAL ADDRESS LOT 3122, BLK 26, KEMENA LAND DISTRICT, KIDURONG LIGHT INDUSTRIAL ESTATE, JALAN TANJUNG KIDURONG, 97000 BINTULU, SARAWAK HELD UNDER TITLE NO. LOT 3122 BLOCK 26 KEMENA LAND DISTRICT, TRN 09-LCLS-032-026-03122, LOCALITY OF JALAN KIDURONG, DIVISION OF BINTULU, STATE OF SARAWAK ("SUBJECT PROPERTY 2") FROM TEJU LOGISTICS SDN BHD ("TLSB"), FOR A CASH CONSIDERATION OF RM28.70 MILLION, TOGETHER WITH A TENANCY AGREEMENT SIGNED IN ESCROW BY THE TRUSTEE AND HEXTAR SOLUTIONS SDN BHD ("HSSB") FOR HSSB TO RENT THE SUBJECT PROPERTY 2 FROM THE TRUSTEE FOR A FIXED TERM OF 3 YEARS WITH AUTOMATIC RENEWALS OF 4 CONSECUTIVE TERMS OF 3 YEARS EACH ("PROPOSED ACQUISITION 2") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 160 | 27 |
No. of Shares | 243,248,389 | 142,322 |
% of Voted Shares | 99.9415 | 0.0585 |
Result | Accepted | |
3. ORDINARY RESOLUTION 3 |
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Description |
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF THE REMAINING LEASE INTEREST WITH AN UNEXPIRED TERM OF APPROXIMATELY 25 YEARS IN TWO (2) SINGLE STOREY WAREHOUSES TOGETHER WITH TWO (2) SINGLE STOREY OFFICE BUILDINGS ANNEXED BEARING POSTAL ADDRESS NO. P823, PRECINCT 8, JALAN FZ1-P8, PORT KLANG FREE ZONE/KS12, 42920 PULAU INDAH, SELANGOR DARUL EHSAN FORMING PART OF MASTER TITLE NO. PN 7324, LOT 67894, MUKIM OF KLANG, DISTRICT OF KLANG, STATE OF SELANGOR ("SUBJECT PROPERTY 3") FROM CHANNEL LEGION SDN BHD ("CLSB"), FOR A CASH CONSIDERATION OF RM23.70 MILLION, TOGETHER WITH A SUB-TENANCY AGREEMENT SIGNED IN ESCROW BY THE TRUSTEE AND TLSB FOR TLSB TO RENT THE SUBJECT PROPERTY 3 FROM THE TRUSTEE FOR A FIXED TERM OF 3 YEARS WITH AUTOMATIC RENEWALS OF 4 CONSECUTIVE TERMS OF 3 YEARS EACH ("PROPOSED ACQUISITION 3") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 159 | 28 |
No. of Shares | 243,244,389 | 146,322 |
% of Voted Shares | 99.9399 | 0.0601 |
Result | Accepted | |
4. ORDINARY RESOLUTION 4 |
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Description |
PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING SOLELY IN ITS CAPACITY AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF THE REMAINING LEASE INTEREST WITH AN UNEXPIRED TERM OF APPROXIMATELY 26 YEARS IN A SINGLE STOREY DETACHED WAREHOUSE WITH A DOUBLE STOREY OFFICE ANNEXED BEARING POSTAL ADDRESS LOT 117, JALAN PUKAL, KAWASAN PERINDUSTRIAN LEMBAGA PELABUHAN JOHOR, 81700 PASIR GUDANG, JOHOR DARUL TAKZIM HELD UNDER TITLE NO. GRN 489953, LOT NO. 66247, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("SUBJECT PROPERTY 4") FROM PK FERTILIZERS SDN BHD ("PKFSB"), FOR A CASH CONSIDERATION OF RM23.30 MILLION, TOGETHER WITH A SUB-TENANCY AGREEMENT SIGNED IN ESCROW BY THE TRUSTEE AND PKFSB FOR PKFSB TO RENT THE SUBJECT PROPERTY 4 FROM THE TRUSTEE FOR A FIXED TERM OF 3 YEARS WITH AUTOMATIC RENEWALS OF 4 CONSECUTIVE TERMS OF 3 YEARS EACH ("PROPOSED ACQUISITION 4") |
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Shareholder’s Action | For Voting | |
Voted | For | Against |
No. of Shareholders | 159 | 28 |
No. of Shares | 243,243,389 | 147,322 |
% of Voted Shares | 99.9395 | 0.0605 |
Result | Accepted | |
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