Trending News: Axis-REIT Raises RM449.73 Mln Via Largest Private Placement To DateJohor Stands To Gain US$190 Mln Potential Investments From South Korean FirmsTakaful Ikhlas Named Takaful Solution Brand Of The YearShahriman Resigns As Sapura Resources MDMalaysia Collects RM500 Mln In Anti-dumping Duties Between 2016 To June 2024 — LiewBudget 2025 To Drive Construction Sector Productivity — MPCMalaysia On Track To Become Third Largest Data Centre Hub In Asia – HLIBCSOP: Saudi’s Initial Foray In Hong Kong-listed Shares Focusing On Chinese FirmsMalaysia’s Direct Selling Industry Sees New Horizons With Potential BRICS MembershipwatchTowr Redefines Approach On Attack Surface Management Via Orange CollaborationDeepavali: More Vehicles On Major Highways This Morning; Traffic Flow Under ControlHigh Court Rules Claims Of Bias, Shoddy Investigation Against Najib In 1MDB Case Lack MeritHealth Ministry Shuts Down 910 Dirty PremisesPrioritise Electricity, Gas Safety This Deepavali Festive Season – Energy CommissionKing, Queen Extend Deepavali Greetings41-year-old Firewoman Named Best Trainee In STORM TrainingSarawak Needs More Than RM100 Billion To Implement Developments Planned Under 13MP – Abang JohariRubber Market Ends Higher Amid Crude Oil RecoveryDeepavali: Public Transport Still Top ChoiceLawn Bowls Dropped From 2025 SEA GamesNidzam Drops Bombshell By Resigning As Selangor Head CoachHarimau Malaya’s Friendly Against India Brought Forward To Nov 18Bursa Malaysia 3Q Net Profit Rises 42 Pct To RM85.7 MlnXsolla-AurumDust Alliance Drives Real-world ChangeMavenir Supports O-RAN ALLIANCE Report On Spectrum Aggregation In Multi-vendor DeploymentsPublic Mutual Declares Distributions Of Over RM94 Mln For Four FundsICEF2024: Initiative Towards Green Transformation RealisationYTL Power Clarifies 1BestariNet Project Secured Via Open TenderUS Tariffs On China To Have Mixed Impact On ASEAN Economies — OCBCFGV Holdings To Loan RM260 Mln To Subsidiary For Capital ExpenditureNavigational Error, Ship Obsolescence Contributed To KD Pendekar’s Sinking – TLDM Investigation BoardThree Chinese Pickpockets Arrested At KlIA Terminal 1 On Friday To Be Charged TomorrowPDRM In Unison With Other Agencies To Stop Drug Trafficking – JSJN DirectorLeaders Of Non-performing Sports Step Down – Negeri MBIndonesian Drug Trafficker Arrested, Over 5kg Of Drugs SeizedThree Arrested, 20kg Of Syabu Worth RM640k Seized In PenangDamansara Specialist Hospital 2 Launches Less Scars, Less Pain CampaignPolice To Verify Authenticity Of M’sian Identity Card, Driving Licence Found In Ukraine – IGPAyob Khan Warns Public Against Impersonators On WhatsAppParliament: Ministers’ Question Time To Be Answered By Ministers Throughout NovemberAmBank contributes RM350,000 to empower the visually impaired in collaboration with Malaysian Association for the BlindMPs Urge To Strengthen National Defence System In Light Of Current Geopolitical TensionsMedia Urged To Comply With Act 611 In Reporting On ChildrenSarawak Primary School Heads Urged To Register Students For YSISS Entrance AssessmentsDBKL Urged To Develop Common Utility Tunnel System To Enhance Underground MaintenanceBudget 2025 Helps Boost Public Housing FacilitiesJPM Considering Phased Installation Of CCTV At Civil Servants Quarters In PutrajayaCPO Futures Hit Two-Year High On Bullish Sentiment, Strong ExportsCyber Threats Targeting Malaysian Users Remain High – KasperskyMACC Exposes Fertiliser Supply Cartel Involving RM1.8 BillionTwo Men Arrested, Drugs Worth Almost RM11 Mln SeizedWST 2040 To Boost Malaysia’s GDP And Water Sector Growth – DPM FadillahMalaysia Sees Significant Increase In Female Board Representation – NancyKUAM 2024 Involves 488 Participants, Various AircraftDeepavali: JSPT Deploys 2,752 personnel To Manage Traffic FlowEvents, Programs Organised Will Focus On Country’s ASEAN Chairmanship, VMY2026 – KLTASenior Officer Charged With Failing To Report BriberyFIM Proceedings To Be Compiled, Published As Reference – ZambryInternational Student Jailed 30 Years, 12 Whipping For Drug TraffickingMaxis Celebrates Deepavali With 165 MySkills Foundation StudentsComplaints On SK Presint 16 Infrastructure Being Looked Into – PM AnwarGovt Urged To Make Sabah Tourism, Flight Transit Hub To Boost State EconomyCavli Wireless Recognized As A Nasscom Emerge 50 Innovator For 2024, Championing ‘Made In India’ Deep Tech Solutions To Drive Global IoT And Wireless ConnectivityBatik Air To Launch 10 KL-Bintulu, 14 KL-Miri Flights Weekly From Nov 1AKSB Orders Immediate Deployment Of Water Tankers To Recycling Site For Fire-Fighting OperationIpoh Loud Bang Remains A Mystery, Probe Ongoing – Deputy IGPFBM KLCI Futures End Mostly HigherHalal Certification Awareness On The Rise – Mohd Na’imBody Of Drowned Man Found In Pasir Bisik, Sungai PetaniBudget 2025 Maintains Gradual Fiscal Consolidation Approach – Fitch Ratings60 Per Cent Of Fire At Recycling Collection Site ExtinguishedS’wak To Conduct Feasibility Study On Ocean Thermal Energy In Miri Waters – Abang JohariBina Puri Holdings Completes RM73 Mln Credit Financing From MBSB BankJuru-Sungai Dua Elevated Highway Project To Start Next Year – ChowAction Taken Against 37,804 Commercial Vehicles As Of September – N.Sembilan JPJMBI PBT First To Implement Anti-corruption Strategy – Ipoh MayorJKDM Seize 105kg Methamphetamine Hidden In Chinese Tea Packets707 Malaysian Victims Of Overseas Job Scams Rescued, Dewan Rakyat ToldWater Sector Transformation To Drive Employment, Foreign Investment In Malaysia – FadillahDubai Philanthropist Anosh Ahmed Donates 10 Mln GBP To Lebanon’s Vulnerable CommunitiesNCEC Agrees To Use Steel Slag In High-impact Economic SectorsSuria KLCC Welcomes Visitors To Colours Of Deepavali, Attractive Rewards For ShoppersENCORP Spreads Festive Joy with 500 Packs of Deepavali Signature TreatsIOI Properties To Develop RM12 Bln Rio City Over 12 YearsCommunity-focused Approach Seen As Key To Improving Drug Recovery RateSEAcare Set For April Next Year, Marks Its 25th EditionParliament To Debate Targeted Subsidies For RON95 And Dividend Tax ImplementationAlert-level Hot Weather Recorded In Telupid, Lundu, And Kuching – MetMalaysiaKotex Malaysia #SheCan Fund Winner Wants To Hold First Women Only AI Festival, HackathonGovt Allocates Over RM83 Mln For Stage Bus Programme In MelakaTwo More GISBH Followers To Be Charged Tomorrow – IGPShift In Urban Planning, Development Needed – Fadillah44-Year-Old Man, Underage Teen Nabbed In Connection With Abandoned BabyRamanan Urges Indian Community To Unite And Benefit Fully From Gov’t InitiativesGISBH: 424 Children In Rehab Programme To Be Assessed PeriodicallyBursa Malaysia Ends Morning Session In Positive TerritoryWaving Foreign Flags: Perak Police Refer To D5 Bukit AmanKunafa Brings A Unique Twist To Deepavali DessertsPAS Leaders Summoned Over Teluk Intan RallyMohd Yusoff Appointed Kelantan Police Chief
Thu. Oct 31st, 2024
Trending News: Axis-REIT Raises RM449.73 Mln Via Largest Private Placement To DateJohor Stands To Gain US$190 Mln Potential Investments From South Korean FirmsTakaful Ikhlas Named Takaful Solution Brand Of The YearShahriman Resigns As Sapura Resources MDMalaysia Collects RM500 Mln In Anti-dumping Duties Between 2016 To June 2024 — LiewBudget 2025 To Drive Construction Sector Productivity — MPCMalaysia On Track To Become Third Largest Data Centre Hub In Asia – HLIBCSOP: Saudi’s Initial Foray In Hong Kong-listed Shares Focusing On Chinese FirmsMalaysia’s Direct Selling Industry Sees New Horizons With Potential BRICS MembershipwatchTowr Redefines Approach On Attack Surface Management Via Orange CollaborationDeepavali: More Vehicles On Major Highways This Morning; Traffic Flow Under ControlHigh Court Rules Claims Of Bias, Shoddy Investigation Against Najib In 1MDB Case Lack MeritHealth Ministry Shuts Down 910 Dirty PremisesPrioritise Electricity, Gas Safety This Deepavali Festive Season – Energy CommissionKing, Queen Extend Deepavali Greetings41-year-old Firewoman Named Best Trainee In STORM TrainingSarawak Needs More Than RM100 Billion To Implement Developments Planned Under 13MP – Abang JohariRubber Market Ends Higher Amid Crude Oil RecoveryDeepavali: Public Transport Still Top ChoiceLawn Bowls Dropped From 2025 SEA GamesNidzam Drops Bombshell By Resigning As Selangor Head CoachHarimau Malaya’s Friendly Against India Brought Forward To Nov 18Bursa Malaysia 3Q Net Profit Rises 42 Pct To RM85.7 MlnXsolla-AurumDust Alliance Drives Real-world ChangeMavenir Supports O-RAN ALLIANCE Report On Spectrum Aggregation In Multi-vendor DeploymentsPublic Mutual Declares Distributions Of Over RM94 Mln For Four FundsICEF2024: Initiative Towards Green Transformation RealisationYTL Power Clarifies 1BestariNet Project Secured Via Open TenderUS Tariffs On China To Have Mixed Impact On ASEAN Economies — OCBCFGV Holdings To Loan RM260 Mln To Subsidiary For Capital ExpenditureNavigational Error, Ship Obsolescence Contributed To KD Pendekar’s Sinking – TLDM Investigation BoardThree Chinese Pickpockets Arrested At KlIA Terminal 1 On Friday To Be Charged TomorrowPDRM In Unison With Other Agencies To Stop Drug Trafficking – JSJN DirectorLeaders Of Non-performing Sports Step Down – Negeri MBIndonesian Drug Trafficker Arrested, Over 5kg Of Drugs SeizedThree Arrested, 20kg Of Syabu Worth RM640k Seized In PenangDamansara Specialist Hospital 2 Launches Less Scars, Less Pain CampaignPolice To Verify Authenticity Of M’sian Identity Card, Driving Licence Found In Ukraine – IGPAyob Khan Warns Public Against Impersonators On WhatsAppParliament: Ministers’ Question Time To Be Answered By Ministers Throughout NovemberAmBank contributes RM350,000 to empower the visually impaired in collaboration with Malaysian Association for the BlindMPs Urge To Strengthen National Defence System In Light Of Current Geopolitical TensionsMedia Urged To Comply With Act 611 In Reporting On ChildrenSarawak Primary School Heads Urged To Register Students For YSISS Entrance AssessmentsDBKL Urged To Develop Common Utility Tunnel System To Enhance Underground MaintenanceBudget 2025 Helps Boost Public Housing FacilitiesJPM Considering Phased Installation Of CCTV At Civil Servants Quarters In PutrajayaCPO Futures Hit Two-Year High On Bullish Sentiment, Strong ExportsCyber Threats Targeting Malaysian Users Remain High – KasperskyMACC Exposes Fertiliser Supply Cartel Involving RM1.8 BillionTwo Men Arrested, Drugs Worth Almost RM11 Mln SeizedWST 2040 To Boost Malaysia’s GDP And Water Sector Growth – DPM FadillahMalaysia Sees Significant Increase In Female Board Representation – NancyKUAM 2024 Involves 488 Participants, Various AircraftDeepavali: JSPT Deploys 2,752 personnel To Manage Traffic FlowEvents, Programs Organised Will Focus On Country’s ASEAN Chairmanship, VMY2026 – KLTASenior Officer Charged With Failing To Report BriberyFIM Proceedings To Be Compiled, Published As Reference – ZambryInternational Student Jailed 30 Years, 12 Whipping For Drug TraffickingMaxis Celebrates Deepavali With 165 MySkills Foundation StudentsComplaints On SK Presint 16 Infrastructure Being Looked Into – PM AnwarGovt Urged To Make Sabah Tourism, Flight Transit Hub To Boost State EconomyCavli Wireless Recognized As A Nasscom Emerge 50 Innovator For 2024, Championing ‘Made In India’ Deep Tech Solutions To Drive Global IoT And Wireless ConnectivityBatik Air To Launch 10 KL-Bintulu, 14 KL-Miri Flights Weekly From Nov 1AKSB Orders Immediate Deployment Of Water Tankers To Recycling Site For Fire-Fighting OperationIpoh Loud Bang Remains A Mystery, Probe Ongoing – Deputy IGPFBM KLCI Futures End Mostly HigherHalal Certification Awareness On The Rise – Mohd Na’imBody Of Drowned Man Found In Pasir Bisik, Sungai PetaniBudget 2025 Maintains Gradual Fiscal Consolidation Approach – Fitch Ratings60 Per Cent Of Fire At Recycling Collection Site ExtinguishedS’wak To Conduct Feasibility Study On Ocean Thermal Energy In Miri Waters – Abang JohariBina Puri Holdings Completes RM73 Mln Credit Financing From MBSB BankJuru-Sungai Dua Elevated Highway Project To Start Next Year – ChowAction Taken Against 37,804 Commercial Vehicles As Of September – N.Sembilan JPJMBI PBT First To Implement Anti-corruption Strategy – Ipoh MayorJKDM Seize 105kg Methamphetamine Hidden In Chinese Tea Packets707 Malaysian Victims Of Overseas Job Scams Rescued, Dewan Rakyat ToldWater Sector Transformation To Drive Employment, Foreign Investment In Malaysia – FadillahDubai Philanthropist Anosh Ahmed Donates 10 Mln GBP To Lebanon’s Vulnerable CommunitiesNCEC Agrees To Use Steel Slag In High-impact Economic SectorsSuria KLCC Welcomes Visitors To Colours Of Deepavali, Attractive Rewards For ShoppersENCORP Spreads Festive Joy with 500 Packs of Deepavali Signature TreatsIOI Properties To Develop RM12 Bln Rio City Over 12 YearsCommunity-focused Approach Seen As Key To Improving Drug Recovery RateSEAcare Set For April Next Year, Marks Its 25th EditionParliament To Debate Targeted Subsidies For RON95 And Dividend Tax ImplementationAlert-level Hot Weather Recorded In Telupid, Lundu, And Kuching – MetMalaysiaKotex Malaysia #SheCan Fund Winner Wants To Hold First Women Only AI Festival, HackathonGovt Allocates Over RM83 Mln For Stage Bus Programme In MelakaTwo More GISBH Followers To Be Charged Tomorrow – IGPShift In Urban Planning, Development Needed – Fadillah44-Year-Old Man, Underage Teen Nabbed In Connection With Abandoned BabyRamanan Urges Indian Community To Unite And Benefit Fully From Gov’t InitiativesGISBH: 424 Children In Rehab Programme To Be Assessed PeriodicallyBursa Malaysia Ends Morning Session In Positive TerritoryWaving Foreign Flags: Perak Police Refer To D5 Bukit AmanKunafa Brings A Unique Twist To Deepavali DessertsPAS Leaders Summoned Over Teluk Intan RallyMohd Yusoff Appointed Kelantan Police Chief
Thu. Oct 31st, 2024

Axis-REIT Raises RM449.73 Mln Via Largest Private Placement To Date


KUALA LUMPUR, Axis Real Estate Investment Trust (Axis-REIT) has raised RM449.73 million through its largest private placement.

The proceeds will support its strategy to pursue high-quality, yield-accretive acquisitions, and enhance its existing portfolio to generate sustainable returns and value for unitholders.

Axis-REIT Managers Bhd chief executive officer and executive director Leong Kit May said the private placement, the largest thus far, underscores the strong market confidence in the company’s growth initiatives.

“It also aligns with our commitment to strengthen the balance sheet by reducing financing ratio and create more headroom for future portfolio growth,” she said in a statement today.

The issue price of the private placement was fixed at RM1.71 per unit after a book-building exercise and represents a 5.1 per cent discount to the volume-weighted average market price of RM1.802 per unit.

The placement was jointly managed by Maybank Investment Bank Bhd and CIMB Investment Bank Bhd, serving as
placement agents for Axis-REIT.

Given the upcoming enlarged unit capital from this placement, Axis-REIT has, on Oct 29, 2024, declared an advance distribution of 1.10 sen per unit for income earned up to Nov 12, 2024, payable on Nov 29, 2024.

Source: BERNAMA News Agency

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