Hektar REIT cancels unitholder meeting on RM 125 million school acquisition pending clarification of outstanding conditions

Bitget2026/11/06 09:45

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Hektar REIT cancelled its Nov. 16, 2026, unitholders' meeting on the proposed RM 125 million acquisition and lease transaction.
Certain conditions precedent remain outstanding; the board is seeking vendor clarification before assessing potential changes to the transaction’s terms or structure.
The proposed acquisition from KYS College covers leasehold interests in Kuala Lumpur’s KYS KL East International School, including a new building.
Consideration comprises RM 106.55 million in cash and RM 18.45 million in new ordinary units.
The meeting cancellation does not terminate the sale and purchase agreement or transaction; a fresh meeting may be convened.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hektar Real Estate Investment Trust published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3722849) on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hektar REIT cancels unitholder meeting on RM 125 million school acquisition pending clarification of outstanding conditions

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