AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”) (i) Proposed acquisitions by OSK Trustees Berhad (“Trustee”), 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
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”) (i) Proposed acquisitions by OSK Trustees Berhad (“Trustee”), 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 |
Contents | On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, we are pleased to announce the abovementioned proposals, the details of which are set out in the attachment below. This announcement is dated 3 June 2010. |
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Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 3 Jun 2010 |
Category | General Announcement |
Reference No | MI-100602-65949 |