OTHERS Establishment of a special purpose vehicle by Axis Real Estate Investment Trust (“Axis-REIT”)
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | OTHERS |
Description | Establishment of a special purpose vehicle by Axis Real Estate Investment Trust (“Axis-REIT”) |
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that a special purpose vehicle, Axis REIT Sukuk Berhad (“ARSB”) (Company No. 953751-W), was established on 21 July 2011 and its entire share capital was subsequently transferred to OSK Trustees Berhad, the trustee of Axis-REIT on 1 March 2012. Following the said transfer and with effect from 1 March 2012, ARSB has become a wholly-owned subsidiary of Axis-REIT. ARSB has been established by Axis-REIT for certain Islamic financings proposed to be undertaken by Axis-REIT. A separate announcement in relation to the proposed Islamic financings will be made once the terms of the said Islamic financings have been finalized. This announcement is dated 1 March 2012. |
Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 1 Mar 2012 |
Category | General Announcement |
Reference No | CC-120301-18989 |