The Securities and Futures Commission of Hong Kong, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
The Final Consideration for the Acquisition of the Property (as mentioned below) is adjusted to RMB6,636,534,533 based on the Completion Statement, which is higher than the Initial Consideration of RMB6,625,536,002 as announced on 23 July 2015.
Reference is made to the announcements of Link Real Estate Investment Trust (Link) dated 23 July, 14 August and 31 August 2015 relating to the Acquisition of the Property (known as "Corporate Avenue 1" and "Corporate Avenue 2" in Shanghai, the PRC) of which Completion took place on 31 August 2015. Capitalised terms used herein have the same meanings as ascribed to them in Link's announcement dated 23 July 2015 unless otherwise defined.
The Board of the Manager announces that, based on the Completion Statement which had been reviewed by PricewaterhouseCoopers (the external auditor appointed for the purpose of reviewing the Completion Statement), the Final Consideration (after the Net Asset Adjustment) for the Acquisition of the Property is RMB6,636,534,533 pursuant to the terms of the SPA, which is higher than the Initial Consideration of RMB6,625,536,002 as announced on 23 July 2015. The Purchaser will pay the extra amount in cash to the Seller within 14 Business Days after 29 December 2015 (being the date of the Completion Statement) in accordance with the terms of the SPA.
By order of the board of directors of
Link Asset Management Limited (as manager of Link Real Estate Investment Trust) Ricky CHAN Ming TakCompany Secretary
Hong Kong, 29 December 2015
As at the date of this announcement, the Board of the Manager comprises: Chairman (also an Independent Non-Executive Director)
Nicholas Robert SALLNOW-SMITH
Executive Directors
George Kwok Lung HONGCHOY (Chief Executive Officer)
Andy CHEUNG Lee Ming (Chief Financial Officer)
Non-Executive Director
Ian Keith GRIFFITHS
Independent Non-Executive Directors
William CHAN Chak Cheung Poh Lee TAN
May Siew Boi TAN Peter TSE Pak Wing Nancy TSE Sau Ling David Charles WATT
Richard WONG Yue Chim Elaine Carole YOUNG
The Link Real Estate Investment Trust issued this content on 2015-12-29 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-29 11:02:52 UTC
Original Document: http://www.linkreit.com/EN/investor/Documents/eAnnouncement (Final Consideration_CA 1 and CA2).pdf