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 announcements dated 29 June 2020, 15 July 2020, 7 August 2020, 21 August 2020, 28 August 2020, 14 September 2020, 17 September 2020 and 2 October 2020 ("Announcements") shall apply herein.
We refer to the Announcements.
On behalf of the Board, RHB Investment Bank is pleased to announce that the Proposed DRS has been completed on 2 October 2020 following the approval of the Proposed DRS by the Unitholders at the 8th AGM on 2 October 2020.
This announcement is dated 2 October 2020. |
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 02 Oct 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02102020-00014 |