AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF 50,000,000 NEW UNITS IN AXIS-REIT REPRESENTING APPROXIMATELY 24.3% OF THE EXISTING UNITS IN AXIS-REIT IN CIRCULATION, AT AN ISSUE PRICE OF RM1.80 PER UNIT (“PROPOSED PLACEMENT”); AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 255,901,000 UNITS (HEREIN REFERRED AS “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF 50,000,000 NEW UNITS IN AXIS-REIT REPRESENTING APPROXIMATELY 24.3% OF THE EXISTING UNITS IN AXIS-REIT IN CIRCULATION, AT AN ISSUE PRICE OF RM1.80 PER UNIT (“PROPOSED PLACEMENT”); AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 255,901,000 UNITS (HEREIN REFERRED AS “PROPOSALS”) |
| Contents | (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 30 October 2006) We refer to the announcement made on 14 January 2008 in relation to the Proposals. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Aseambankers Malaysia Berhad is pleased to announce that the Proposals have been completed with the listing of 50,000,000 new units in Axis-REIT pursuant to the Proposed Placement on Bursa Malaysia Securities Berhad on 30 January 2008. This announcement is dated 30 January 2008. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 30 Jan 2008 |
| Category | General Announcement |
| Reference No | CU-080130-43208 |
