KUALA LUMPUR: Axis Real Estate Investment Trust
(Axis-Reit) proposes to undertake a placement of its shares to raise an estimated RM178 million for the repayment of bank financing.
In a filing with Bursa Malaysia today, the company said the proposed placement entails the issuance of up to 100,000,000 placement units, representing up to approximately 6.09 per cent of 1.64 billion units issued as at Nov 3, 2022.
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