Circular/Notice to Shareholders
| AXIS REAL ESTATE INVESTMENT TRUST |
| Subject | CIRCULAR TO UNITHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITIONS BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”), OF THE FOLLOWING: (A) AN INDUSTRIAL LEASEHOLD STRATA PARCEL IN WISMA ACADEMY HELD UNDER PN3945/M1/B2/1 IN LOT 29 SEKSYEN 36, TOWN OF PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR WITH A GROSS FLOOR AREA OF 34,751 SQUARE METRES TOGETHER WITH ACCESSORY PARCELS, WHICH AMOUNTS TO 91.02% OF THE SHARE UNIT IN WISMA ACADEMY, FOR A CASH CONSIDERATION OF RM73,000,000; AND (B) A PARCEL OF INDUSTRIAL LEASEHOLD LAND HELD UNDER PN 3946, LOT. NO. 30, SEKSYEN 36, TOWN OF PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING 6,148.3078 SQUARE METRES TOGETHER WITH THE BUILDINGS ERECTED THEREON, FOR A CASH CONSIDERATION OF RM12,000,000; AND (II) PROPOSED RENEWAL OF THE AUTHORITY TO ALLOT AND ISSUE UP TO 87,483,344 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING UP TO 19.28% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT, FOR THE PURPOSE OF THE INCOME DISTRIBUTION REINVESTMENT PLAN THAT PROVIDES THE UNITHOLDERS OF AXIS-REIT THE OPTION TO REINVEST THEIR INCOME DISTRIBUTION IN NEW UNITS |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 12 Sept 2012 |
| Category | PDF Submission |
| Reference No | MI-120912-38823 |
