Axis-REIT raises RM449.73mil from private placement

Axis-REIT CEO and executive director Leong Kit May

KUALA LUMPUR: Axis Real Estate Investment Trust (REIT) has raised RM449.73mil from a private placement exercise to support its acquisition plans and enhance its existing portfolio.

The REIT said the issue price was fixed at RM1.71 per unit, representing a 5.1% discount to the volume-weighted average market price of RM1.802 per unit.