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 |
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, 2 October 2020 and 12 October 2020 ("Announcements") shall apply herein.
We refer to the Announcements.
On behalf of the Board, RHB Investment Bank wishes to announce that following the bookbuilding exercise, the Board had on 12 October 2020 fixed the placement issue price at RM1.48 per Placement Unit, representing a 2.8% discount to the 5-day volume-weighted average price of Sunway REIT units up to and including 9 October 2020 of RM1.5224.
RHB Investment Bank, Credit Suisse (Singapore) Limited and Maybank Investment Bank Berhad acted as placement agents for the private placement exercise. |
Announcement Info
Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
Stock Name | SUNREIT |
Date Announced | 12 Oct 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-02102020-00040 |