NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING PROPOSED PLACEMENT OF 83,579,942 NEW UNITS IN AXIS-REIT (“UNITS”) REPRESENTING APPROXIMATELY 18.02% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 463,942,098 UNITS (“PROPOSED PLACEMENT”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | PROPOSED PLACEMENT OF 83,579,942 NEW UNITS IN AXIS-REIT (“UNITS”) REPRESENTING APPROXIMATELY 18.02% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 463,942,098 UNITS (“PROPOSED PLACEMENT”) |
On behalf of the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis-REIT, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the Board had, on 25 November 2014 fixed the issue price of the new Units under the Proposed Placement (“Placement Units”) at RM3.45 per Unit. In addition, the placees for the entire 83,579,942 Placement Units have been identified through its Joint Placement Agents, Maybank IB and CIMB Investment Bank Berhad via a book-building process. Please refer to the attachment for further details on the Proposed Placement. This announcement is dated 26 November 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 26 Nov 2014 |
| Category | General Announcement |
| Reference No | MI-141125-65533 |
