We refer to the announcements made on 8th June 2006, 15th August 2006, 18th August 2006, 12th September 2006, 20th October 2006 and 20th December 2006 respectively.
The Board of Directors of Tamadam wish to announce that the Company has reached mutual agreement with AmanahRaya-REIT Managers Sdn Bhd, the management company of AmanahRaya Real Estate Investment Trust (“ARREIT”) to have early mutual termination of a Lease Annexure dated 14 December 2006 originally signed between AmanahRaya Berhad (“ARB”) and Tamadam in respect of the industrial land including the building/structures erected thereon (“the Property”) which has a remaining period of about 7 years.
By a Novation Agreement dated 26 November 2007, ARB had assigned and transferred the lease of the Property together with the rights, title and interest, benefits and obligations under and in the Lease Annexure to CIMB Trustee Berhad (“the Trustee”), the registered and beneficial owner of the Property (the Lease Annexure and Novation Agreement shall collectively be referred to as “the Agreements”).
Details of the Property are as follows:
a). H.S.(D) 128214 No. PT 799 Seksyen 21 Bandar Port Swettenham Daerah Klang Negeri Selangor (formerly known as H.S.(D) 128214 No. PT 799 Seksyen 21 Bandar Port Swettenham Daerah Klang Negeri Selangor (formerly known as PN 4564 Lot 11614 Mukim Klang Daerah Klang Negeri Selangor)) measuring approximately 47348.145 square metres in area (“Land A”); and
b). H.S. (M) 19795 No. PT 21596 Mukim Klang, Daerah Klang Negeri Selangor measuring approximately 7344 square metres in area (“Land B”).
The Company will enter into a Deed of Mutual Termination with the Trustee to terminate the Agreements which shall take effect from 14 June 2010 or the date on which the new lessee occupies the Property, whichever is later shall apply, and thereafter neither party shall, save and except for the provisions contained in the said Deed of Mutual Termination, have any claim against the other under and pursuant to the said Agreements.
This announcement is dated 10 June 2010.