MULTIPLE PROPOSALS SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") I. PROPOSED ACQUISITION OF THE PINNACLE SUNWAY BY SUNWAY REIT FOR A CASH CONSIDERATION OF RM450.0 MILLION; II. PROPOSED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO RM710.0 MILLION AT THE ISSUE PRICE TO BE DETERMINED LATER BY WAY OF BOOKBUILDING; AND III. PROPOSED ESTABLISHMENT OF A DISTRIBUTION REINVESTMENT SCHEME
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT")
I. PROPOSED ACQUISITION OF THE PINNACLE SUNWAY BY SUNWAY REIT FOR A CASH CONSIDERATION OF RM450.0 MILLION;
II. PROPOSED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO RM710.0 MILLION AT THE ISSUE PRICE TO BE DETERMINED LATER BY WAY OF BOOKBUILDING; AND
III. PROPOSED ESTABLISHMENT OF A DISTRIBUTION REINVESTMENT SCHEME |
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Unless otherwise defined, the abbreviations and definitions used in the announcement dated on 29 June 2020 ("Announcement") shall apply herein.
We refer to the Announcement in relation to the Proposals.
On behalf of the Board, RHB Investment Bank wishes to announce that we have submitted a valuation report dated 6 July 2020, prepared by Knight Frank Malaysia Sdn. Bhd., to Bursa Securities for the Proposed Acquisition.
This announcement is dated 15 July 2020. |
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 15 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10072020-00073 |