Axis-REIT said based at an issue price of RM1.75 per unit, it would raise RM433.05mil from the proposed placement.
KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) has proposed to place out 247.45 million new units to raise RM433mil, where most of the proceeds would be used to repay its borrowings.
In a statement to Bursa Malaysia on Tuesday, it said the new units would account for 20% of the total issued units of 1.237 billion units as at Sept 30.
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