LIONIND: CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL BY AMSTEEL MILLS SDN BHD (AMSTEEL MILLS OR THE VENDOR), A 99% OWNED SUBSIDIARY OF LICB TO RHB TRUSTEES BERHAD ACTING AS THE TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST (AXIS-REIT) (RHB TRUSTEES OR THE PURCHASER) OF THE FOLLOWING: (i) 2 PIECES OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HS(D) 17795 PT 3494 (NOW KNOWN AS LOT NO. 25170) WITH THE BUILDINGS ERECTED THEREON TOGETHER WITH THE FIXTURES AND FITTINGS ATTACHED THERETO AND HS(D) 31354 PT 17631 (NOW KNOWN AS LOT NO. 26953), BOTH LOCATED IN MUKIM OF KAPAR, DISTRICT OF KLANG, STATE OF SELANGOR FOR A TOTAL DISPOSAL CONSIDERATION OF RM313,000,000 TO BE SATISFIED ENTIRELY IN CASH AND THE SUBSEQUENT LEASEBACK BY AMSTEEL MILLS; AND (ii) A PIECE OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HS(D) 119721 PT 59358 (NOW KNOWN AS LOT 62610), LOCATED IN MUKIM OF KAPAR, DISTRICT OF KLANG, STATE OF SELANGOR FOR A DISPOSAL CONSIDERATION OF RM38,800,000 TO BE SATISFIED ENTIRELY IN CASH. (COLLECTIVELY KNOWN AS PROPOSED DISPOSALS)
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