Regulators in Malaysia, Singapore, Indonesia and Thailand have also placed Financial.org on alert lists of unauthorised firms with whom investors should exercise caution.
KUALA LUMPUR: Axis REIT has fixed the issue price of 125 million new units under its placement exercise at RM1.43 each which had been oversubscribed.
Under the exercise, this would enable the company to raise RM178.75mil.
The issue price of RM1.43 each was a discount of about 5.17% to the five-day volume weighted average market price up to and including Thursday of RM1.5079 per unit.
“The placees for the 125 million placement units have been identified through its joint placement agents, Maybank Investment Bank and CIMB Investment Bank Bhd via a book-building process,” it said.
Axis REIT said the payments for the 125 million would have to be made by the identified placees within five market days from the price fixing date.
It said the placement was carried out after its unitholders had on April 26, 2017 approved its plan to issue up to 250.75 million new units. This was 20% of the approved fund size of 1.253 billion units.
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