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MULTIPLE PROPOSALS KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT" OR THE "FUND") (I) PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF KIPMALL KOTA WARISAN FOR A CASH PURCHASE CONSIDERATION OF RM80.0 MILLION; AND (II) PROPOSED PRIVATE PLACEMENT OF NEW UNITS IN KIP REIT TO RAISE APPROXIMATELY RM10.0 MILLION AT AN ISSUE PRICE TO BE DETERMINED LATER (COLLECTIVELY REFERRED TO AS "PROPOSALS")

KIP REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
KIP REAL ESTATE INVESTMENT TRUST ("KIP REIT" OR THE "FUND")

(I) PROPOSED ACQUISITION BY PACIFIC TRUSTEES BERHAD, ACTING AS THE TRUSTEE FOR AND ON BEHALF OF KIP REIT, OF KIPMALL KOTA WARISAN FOR A CASH PURCHASE CONSIDERATION OF RM80.0 MILLION; AND 

(II) PROPOSED PRIVATE PLACEMENT OF NEW UNITS IN KIP REIT TO RAISE APPROXIMATELY RM10.0 MILLION AT AN ISSUE PRICE TO BE DETERMINED LATER

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Reference is made to the announcement on 16 June 2023 in relation to the Proposals (“Announcement”).

 

On behalf of the Board of Directors of KIP REIT Management Sdn Bhd, the management company of KIP REIT, M&A Securities Sdn Bhd wishes to announce that the additional listing application for the Proposed Private Placement, which includes the draft Circular in relation to the Proposals, was submitted to Bursa Malaysia Securities Berhad today.

 

 

This announcement is dated 27 July 2023.



Announcement Info

Company Name KIP REAL ESTATE INVESTMENT TRUST
Stock Name KIPREIT
Date Announced 27 Jul 2023
Category General Announcement for PLC
Reference Number GA1-27072023-00056




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