Amcorp Properties Berhad (KLSE:AMPROP) and Chelsfield Asia GP 1 Limited agreed to acquire five floors of Strata Office Properties with area of 9769.43 square metre In Llland Tower on April 16, 2018. Amcorp Properties Berhad (KLSE:AMPROP) and Chelsfield Asia GP 1 Limited entered into a share exchange agreement to acquire five floors of Strata Office Properties with area of 9769.43 square metre In Llland Tower for approximately CNY 500 million on July 31, 2018. The parties shall pay CNY 100 million as initial deposit within ten business days upon signing of the share exchange agreement and a further CNY 100 million after the approval of share transfer with the remaining balance to be paid prior to completion of the acquisition. Post completion, the equity holding for Amcorp Properties Berhad would be 35% and for Chelsfield Asia GP 1 Limited would be 65%. The transaction will be financed approximately CNY 240 million by capital commitment of the parties and the remaining amount i.e. approximately CNY 257 million will be financed by bank borrowings of the related parties. The expected closing date is December 31, 2018. The transaction is not expected to have a material effect on the earnings per share of AMPROP Group for the financial year ending March 31, 2019. Amcorp Properties Berhad (KLSE:AMPROP) and Chelsfield Asia GP 1 Limited completed the acquisition of five floors of Strata Office Properties with area of 9769.43 square metre In Llland Tower on July 31, 2018.