AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (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 | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) (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 stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the announcements dated 3 June 2010 and 16 June 2010). We refer to the announcements dated 3 June 2010 and 16 June 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 the Securities Commission has, through its letter dated 3 August 2010, approved the value of the Properties. This announcement is dated 3 August 2010. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 3 Aug 2010 |
| Category | General Announcement |
| Reference No | MI-100803-58078 |
