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 29 June 2020 ("Announcement") shall apply herein.
We refer to the Announcement.
On behalf of the Board, RHB Investment Bank wishes to announce that we have today submitted the draft circular in relation to the Proposed DRS to Bursa Securities for its clearance.
This announcement is dated 7 August 2020. |
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 07 Aug 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03082020-00069 |