AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED ACQUISITIONS BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF THE FOLLOWING: (A) A PARCEL OF LEASEHOLD LAND HELD UNDER H.S.(D) NO. 4568, LOT NO. PT 3609, MUKIM TELOK PANGLIMA GARANG, DISTRICT OF KUALA LANGAT, STATE OF SELANGOR DARUL EHSAN TOGETHER WITH ALL THE INDUSTRIAL BUILDINGS ERECTED THEREON FOR A CASH CONSIDERATION OF RM85,000,000; AND (B) A PARCEL OF LEASEHOLD LAND HELD UNDER H.S.(D) 167497, PT NO. 13, TOWN OF PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN TOGETHER WITH ALL THE INDUSTRIAL BUILDINGS ERECTED THEREON FOR A CASH CONSIDERATION OF RM49,000,000; (II) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT, REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN AXIS-REIT (“UNITS”) IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (III) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS UP TO A MAXIMUM OF 375,901,000 UNITS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED ACQUISITIONS BY OSK TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF THE FOLLOWING: (A) A PARCEL OF LEASEHOLD LAND HELD UNDER H.S.(D) NO. 4568, LOT NO. PT 3609, MUKIM TELOK PANGLIMA GARANG, DISTRICT OF KUALA LANGAT, STATE OF SELANGOR DARUL EHSAN TOGETHER WITH ALL THE INDUSTRIAL BUILDINGS ERECTED THEREON FOR A CASH CONSIDERATION OF RM85,000,000; AND (B) A PARCEL OF LEASEHOLD LAND HELD UNDER H.S.(D) 167497, PT NO. 13, TOWN OF PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN TOGETHER WITH ALL THE INDUSTRIAL BUILDINGS ERECTED THEREON FOR A CASH CONSIDERATION OF RM49,000,000; (II) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT, REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN AXIS-REIT (“UNITS”) IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (III) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS UP TO A MAXIMUM OF 375,901,000 UNITS (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
| Contents | We refer to the announcement dated 9 August 2010. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad is pleased to announce that the unitholders of Axis-REIT have approved the resolutions pertaining to the Proposals tabled at the unitholders’ meeting of Axis-REIT held today. This announcement is dated 25 August 2010 |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 25 Aug 2010 |
| Category | General Announcement |
| Reference No | MI-100825-46661 |
