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 and 7 August 2020 ("Announcements") shall apply herein.
We refer to the Announcements.
On behalf of the Board, RHB Investment Bank wishes to announce that we have today submitted to Bursa Securities an application pursuant to the Proposed Private Placement for the listing and quotation of up to 589,015,600 Placement Units on the Main Market of Bursa Securities, and the draft circular to Unitholders in relation to, amongst others, the Proposed Acquisition and Proposed Private Placement for its approval and clearance.
This announcement is dated 21 August 2020. |
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Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 21 Aug 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18082020-00020 |