Circular/Notice to Shareholders
AXIS REAL ESTATE INVESTMENT TRUST |
Subject | CIRCULAR TO UNITHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION BY OSK TRUSTEES BERHAD ON BEHALF OF AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") FROM MAXIMUM ICON SDN BHD OF A PARCEL OF LEASEHOLD LAND (FOR 99 YEARS EXPIRING ON 29 JANUARY 2102) HELD UNDER H.S. (D) 77831, PLOT 19, TOWN OF SULTAN SULAIMAN, DISTRICT OF KLANG, STATE OF SELANGOR TOGETHER WITH ALL THE BUILDINGS ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM65.0 MILLION; (II) PROPOSED RENEWAL OF THE AUTHORITY TO ALLOT AND ISSUE UNITS OF UP TO 51,180,200 NEW UNITS, REPRESENTING UP TO 20% OF THE EXISTING APPROVED FUND SIZE OFAXIS-REIT OF 255,901,000 UNITS PURSUANT TO SECTION 14.03 OF THE SECURITIES COMMISSION'S GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS ("PROPOSED AUTHORITY"); AND (III) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OFAXIS-REIT OF 255,901,000 UNITS UP TO A MAXIMUM OF 307,081,200 UNITS PURSUANT TO THE PROPOSED AUTHORITY |
Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 5 Aug 2009 |
Category | Document Receipt |
Reference No | EE-090805-52691 |