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, 12 October 2020, 27 October 2020 and 28 October 2020 ("Announcements") shall apply herein.
We refer to the Announcements in relation to the Proposals.
On behalf of the Board of Directors of the Manager, RHB Investment Bank is pleased to announce that the Proposed Acquisition has been completed today in accordance with the terms and conditions of the SPA.
This announcement is dated 20 November 2020. |
Announcement Info
Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
Stock Name | SUNREIT |
Date Announced | 20 Nov 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-17112020-00043 |