BURSA ANNOUNCEMENTS


 

Date : 01 March 2012

OTHERS Establishment of a special purpose vehicle by Axis Real Estate Investment Trust (“Axis-REIT”)

AXIS REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectOTHERS
DescriptionEstablishment 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 NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced1 Mar 2012  
CategoryGeneral Announcement
Reference NoCC-120301-18989

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