AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") - PROPOSED ACQUISITION BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT OF A PARCEL OF LAND 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; - 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 OF AXIS-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 - PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 255,901,000 UNITS UP TO A MAXIMUM OF 307,081,200 UNITS PURSUANT TO THE PROPOSED AUTHORITY. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") - PROPOSED ACQUISITION BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT OF A PARCEL OF LAND 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; - 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 OF AXIS-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 - PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT OF 255,901,000 UNITS UP TO A MAXIMUM OF 307,081,200 UNITS PURSUANT TO THE PROPOSED AUTHORITY. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
| Contents | We refer to the announcements dated 20 July 2009 and 4 August 2009 in relation to the Proposals. Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad), on behalf of the Board of Directors of Axis REIT Managers Berhad, the manager of Axis-REIT is pleased to announce that at the unitholders’ meeting held today, the unitholders of Axis-REIT have approved and passed the resolutions in relation to the Proposals. This announcement is dated 20 August 2009. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 20 Aug 2009 |
| Category | General Announcement |
| Reference No | MI-090820-56778 |
