AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (I) PROPOSED PLACEMENT OF 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT AN ISSUE PRICE OF RM1.97 PER UNIT; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS TO 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 PLACEMENT OF 68,819,800 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING ABOUT 22.4% OF THE EXISTING UNITS IN CIRCULATION, AT AN ISSUE PRICE OF RM1.97 PER UNIT; AND (II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AXIS-REIT FROM 307,081,200 UNITS TO 375,901,000 UNITS (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
| Contents | (Unless stated otherwise, 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, 3 August 2010, 10 August 2010, 25 August 2010, 26 August 2010, 1 September 2010 and 14 September 2010 in relation to 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 Proposals have been completed with the listing of 68,819,800 new Units on the Main Market of Bursa Malaysia Securities Berhad today. This announcement is dated 15 September 2010. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 15 Sept 2010 |
| Category | General Announcement |
| Reference No | MI-100914-60134 |
