(I) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (II) 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 | (I) PROPOSED PLACEMENT OF UP TO 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT A PRICE TO BE DETERMINED LATER; AND (II) 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 | (Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 3 June 2010). We refer to the announcements dated 3 June 2010, 16 June 2010 and 3 August 2010 in relation to, among others, the Proposals. 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 Bursa Malaysia Securities Berhad (“Bursa Securities”) has, through its letter dated 9 August 2010, approved the listing of and quotation for up to 68,819,800 new Units to be issued under the Final Tranche Proposed Placement, on the Main Market of Bursa Securities. This announcement is dated 10 August 2010 |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 10 Aug 2010 |
| Category | General Announcement |
| Reference No | MI-100810-61634 |
