Circular/Notice to Shareholders
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Subject | CIRCULAR TO UNITHOLDERS IN RELATION TO: (I) PROPOSED ACQUISITION OF THE PINNACLE SUNWAY BY RHB TRUSTEES BERHAD, ON BEHALF OF SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNWAY REIT") FOR A CASH CONSIDERATION OF RM450.0 MILLION; (II) PROPOSED PRIVATE PLACEMENT OF UP TO 589,015,600 NEW UNITS IN SUNWAY REIT ("PLACEMENT UNITS"), REPRESENTING UP TO 20.0% OF THE TOTAL NUMBER OF ISSUED UNITS OF SUNWAY REIT OF 2,945,078,000 UNITS, TO RAISE GROSS PROCEEDS OF UP TO RM710.0 MILLION, THE ACTUAL AMOUNT OF PLACEMENT UNITS AND PLACEMENT ISSUE PRICE FOR WHICH SHALL BE DETERMINED BY WAY OF BOOKBUILDING; (III) PROPOSED ALLOCATION OF UP TO 294,507,800 PLACEMENT UNITS TO SUNWAY REIT HOLDINGS SDN. BHD. PURSUANT TO THE BOOKBUILDING EXERCISE; AND (IV) PROPOSED ALLOCATION OF UP TO 140,000,000 PLACEMENT UNITS TO EMPLOYEES PROVIDENT FUND BOARD AND/OR PERSONS CONNECTED WITH THEM PURSUANT TO THE BOOKBUILDING EXERCISE. |
Please refer attachment below.
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 17 Sep 2020 |
| Category | Document Submission |
| Reference Number | DCS-17092020-00007 |