KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) has proposed to place out up to 247.45 million new units to raise RM433mil, where most of the proceeds would be used to repay its borrowings.
The company in a filing with Bursa 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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