EPF OF­FERS TO BUY OF­FICE BUILD­ING FOR RM347 MIL­LION

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: WCT Hold­ings Bhd’s 70%-owned Je­las Puri Sdn Bhd has ac­cepted a let­ter of of­fer from the Em­ploy­ees Prov­i­dent Fund (EPF) to ac­quire an of­fice build­ing known as The As­cent for RM347 mil­lion. In a fil­ing with the stock ex­change, WCT said the of­fer comes with a lease­back ar­range­ment on the prop­erty fol­low­ing the com­ple­tion of the ac­qui­si­tion. Pur­suant to the terms of the let­ter of of­fer, Je­las Puri and EPF have agreed to an ex­clu­siv­ity pe­riod of three months to en­ter into a sale and pur­chase agree­ment for the trans­ac­tion. EPF owns a 30% stake in Je­las Puri.

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