Business News

Published: Tuesday February 5, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:30:20 AM

Sunway REIT suspended for bookbuilding of placement shares

KUALA LUMPUR: Trading in the securities of Sunway Real Estate Investment Trust (Sunway REIT) was suspended from 9am to 5pm on Tuesday.

The manager of the REIT, in a statement issued by RHB Investment Bank Bhd, said the suspension was to facilitate the bookbuilding process under its placement exercise.

On Oct 9, 2012, it proposed to place out new units in Sunway REIT to raise gross proceeds of up to RM320mil at an issue price to be determined later by way of bookbuilding.

Tags / Keywords: News, Business, Sunway REIT suspended, bookbuilding, placement shares, Business

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