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First REIT - Unit Pledging Arrangement In Favour Of RHB Bank Berhad
BackJul 10, 2024
| Announcement Title | General Announcement |
| Date & Time of Broadcast | Jul 10, 2024 17:39 |
| Status | New |
| Announcement Sub Title | First REIT - Unit Pledging Arrangement in favour of RHB Bank Berhad |
| Announcement Reference | SG240710OTHR8ZK3 |
| Submitted By (Co./ Ind. Name) | Mr Yet Kum Meng |
| Designation | Chief Executive Officer and Executive Director |
| Description (Please provide a detailed description of the event in the box below) | The Company's associated company, First REIT Management Limited (the "Manager"), the manager of First Real Estate Investment Trust ("First REIT"), has today issued an announcement in relation to a unit pledging arrangement created by OLH Healthcare Investments Pte. Ltd. ("OHI"), an indirect wholly-owned subsidiary of the Company in favour of RHB Bank Berhad (the "RHB Bank Pledging Arrangement") of 100,000,000 units of First REIT in issue (the "Pledged Units"), comprising 4.79% of First REIT's issued units. As set out in the announcement, the Pledged Units were released from a unit pledge entered into by OHI in connection with another facility entered into by the Company and are now re-pledged in favour of RHB Bank Berhad under the RHB Bank Pledging Arrangement. The total number of units of First REIT pledged by OHI remains as 580,000,000 units. For details, please refer to the announcement posted by First Real Estate Investment Trust on the SGX website, www.sgx.com. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg. |