Trending News: Housewife-Turned Entrepreneur Produces Creative Art FramesMadani Govt Committed To Safeguarding Welfare Of People Regardless Of Race, ReligionKPDN Inspects 942 Premises Nationwide Under SHMMP Deepavali 2024Perlis Govt Files Review Application To Reinstate Muslim Status Of Loh’s ChildrenDeepavali: An Occasion To Strengthen Unity, Harmony Among Country’s Diverse Communities – Cabinet MinistersAppointment As IACA President Proof Of Govt’s Commitment To Fighting Corruption – AzalinaPM Anwar Extends Condolences To Family Of Manjeet Singh DhillonMBPP Demolishes Illegal Foodstall On WalkwayWISE Expected To Reduce PLUS Expressway Congestion By 40 Pct – NantaLazada Announces Suite Of Genai Features To Transform Shopping, Seller Experiences In Southeast AsiaDeepavali: Traffic Building Up On Several Major Highways As Of 3 PMUNIFOR Complex Symbol Of Unity In Sarawak – Deputy PremierPerak Increases Allocaton For TCS Free Meal Assistance InitiativeGold Futures Close Higher As Investors Focus On US Presidential ElectionPIC Initiates Ongoing Monitoring And Cleanup Efforts At Pantai EsenJPA’s Dermasiswa B40 Programme Helps Over 6,600 B40 Students Pursue Higher EducationMALBATT 850-12 Deployment To Commence Nov 6 – Mohamed KhaledKedah KPDN Receives 105 Complaints Regarding Packet Cooking OilIPT Students Can Redeem RM100 Book Vouchers From TodayKafe Ikhwan Manager Charged With Four Counts Of Human TraffickingPenang Customs Uncovers Secret Room Hiding Two Million Smuggled CigarettesCPO Futures Reach 28-month HighMedidata, Cogstate Partner To Transform Clinical Trials In NeurologyMedia Personnel Taste Military Life Through ’24 Hours As A Soldier’GISBH CEO, Wife File Habeas Corpus Seeking Immediate ReleaseMARA To Sponsor Top Students For Special ‘Ivy League’ Programme Next YearBudget 2025: Terengganu Focuses On Enhancing Tourism Facilities – ExcoIGB Proposes RM5 Bln Medium-term Notes ProgrammeCompanies Owned By KKDW Agencies Record Impressive Financial PerformanceNajib “Wilfully Blind” To The Need To Inquire Into Origin Of 1MDB Funds – JudgeRafizi And Sarawak Premier Discuss Bill On Carbon TradingUS$78 Trillion Required To Achieve Net Zero By 2050 – Wood MackenziePerkeso To Study Social Security Protection For Malaysians Working In SingaporeSexagenarian Charged With Cheating, TheftBan On EPF Withdrawal To Perform Haj Not True – LimASEAN 2025: Call For Tourism Players To Seize Opportunities To Host Conferences, Events1MDB Trial: Najib’s Defence Team Plans To Call 11 WitnessesBursa Malaysia Ends Lower On Regional Jitters As US Election Uncertainty WeighsKioxia Begins Mass Production of Industry’s First QLC UFS Ver. 4.0 Embedded Flash Memory DevicesUiTM, AGC Ink MoU To Boost Strategic Cooperation In Legal EducationMan Remanded Six Days To Assist In Baby Abandonment CaseSabah Immigration Deports 24 China IllegalsMeta-MCMC Continue Discussions On Licensing, Meta Needs To Be Proactive In Fighting Paedophilia Crime – FahmiMalaysia Reaffirms Commitment To Biodiversity Conservation, Preservation Of Natural HeritageTwo Myanmar Nationals Among Three Charged With Murder Of Unemployed ManNew PRR Affordable Housing To Promote Sustainability, LivabilityJoining BRICS Reflects Malaysia’s Preparedness In Facing New World OrderDept Directors Seek DG Approval Before Making Statements To Avoid Conflicting Info – KPPAGISBH: Woman Pleads Not Guilty To Child Exploitation ChargesPETRONAS’ Pengerang Cogeneration Plant Wins ‘Sustainable Plant Of The Year 2024’Report on 11th Annual Meeting of “Innovation for Cool Earth Forum” (ICEF2024)Thunderstorms Forecast Across Northern Peninsular Malaysia Throughout TomorrowCelebrate Deepavali With Joy And Family Togetherness – RamananPenang Cops Seeking Witnesses To Fatal Hit-and-runNajib To Answer Charges In High-profile 1MDB Case On Dec 2Deepavali: Traffic Volume On Major Highways IncreasingDecisive Action Needed To Achieve Net Zero By 2050, As World Is Currently On Path For 2.5 °C To 3 °C Global Warming, According to Wood MackenzieKelantan Gov’t Launches ‘Gold For Palestine’ Project To Raise Funds For PalestiniansTimeline Of Najib’s 1MDB Case: Key Moments Over Six YearsProposal For Feasibility Study On Use Of Nuclear Energy Yet To Be Finalised – FadillahBursa Slides At Noon Break On Sideways TradingMalaysia Proposes Optimal Use Of ASEAN-India Fund To Explore Cooperation In Agricultural SustainabilityThree Chinese Nationals Jailed Three Months For Pickpocketing At KLIATeen Quran Reciters Win Top Prize At Th TaHa Club National MusabaqahwatchTowr Partners with Orange to Redefine External Attack Surface Management for Strategic Enterprise CustomersRinggit Edges Higher Against US Dollar At The CloseMedidata and Cogstate Strike Strategic Partnership Transforming Clinical Trials in Neurology with Clinical Outcome Assessment (eCOA) and Clinician Solutions Powered by AI and Advanced AnalyticsFive Prospects Under PBSL Programme Re-arrested In Kelantan – Prisons DirectorBusinessman Loses RM800,000 To Investment ScamRafizi Confident Sarawak’s Development Momentum Will Increase Under 13MPRafizi Confident Sarawak’s Development Momentum Will Increase Under 13MPPM Anwar Extends Deepavali Greetings To Hindu DevoteesKhalis Project Exposes SK Sultan Idris II Students To Creative AnimationKhalis Project Exposes SK Sultan Idris II Students To Creative AnimationFisherman Charged With Murder Of Pakistani ManMTL Preparation: Over 200 Personnel Participate In Emergency Disaster ExerciseNational Police Chiefs Of Indonesia, Philippine Head List Of Police Award RecipientsCAAM Not Renewing Certificate Of Approval For GIAAN Flying AcademyXsolla and AurumDust Launch Charity Campaign With Ash of Gods: The Way to Support Games For ChangeHPPNS Sabah 2024 Targets Over 10,000 VisitorsMan Pleads Not Guilty To Attempted Murder Of PolicemenFestival Of Lights To Illuminate Unity Among MalaysiansMavenir Welcomes O-RAN ALLIANCE Report for Spectrum Aggregation in Multi-Vendor DeploymentsIsmail Sabri Joins In Deepavali Festivities In BrickfieldsSyndicate Selling Fake Medical Leave Chits Busted With Arrest Of SixFBM KLCI Futures End In Negative TerritoryCSOP: Pioneering Cross-border Opportunities in Hong Kong, Connecting Saudi Arabia with China’s Financial MarketsKioxia’s QLC UFS Ver. 4.0 Devices Suitable For Applications With Higher Storage CapacityHigh Court Orders Najib To Enter Defence In 1MDB CaseMaybank Appoints Giorgio Migliarina as New Group Chief Technology and Digital OfficerBursa Malaysia Opens Flat On Continued Caution Ahead Of US ElectionFBM KLCI Futures Open Weaker18 Waste-To-Energy Plants To Be Built Over 10 Years – SWCorpKedah JPJ Detains Three Lorry Drivers For Testing Positive For DrugsAxis-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 — MPC
Thu. Oct 31st, 2024
Trending News: Housewife-Turned Entrepreneur Produces Creative Art FramesMadani Govt Committed To Safeguarding Welfare Of People Regardless Of Race, ReligionKPDN Inspects 942 Premises Nationwide Under SHMMP Deepavali 2024Perlis Govt Files Review Application To Reinstate Muslim Status Of Loh’s ChildrenDeepavali: An Occasion To Strengthen Unity, Harmony Among Country’s Diverse Communities – Cabinet MinistersAppointment As IACA President Proof Of Govt’s Commitment To Fighting Corruption – AzalinaPM Anwar Extends Condolences To Family Of Manjeet Singh DhillonMBPP Demolishes Illegal Foodstall On WalkwayWISE Expected To Reduce PLUS Expressway Congestion By 40 Pct – NantaLazada Announces Suite Of Genai Features To Transform Shopping, Seller Experiences In Southeast AsiaDeepavali: Traffic Building Up On Several Major Highways As Of 3 PMUNIFOR Complex Symbol Of Unity In Sarawak – Deputy PremierPerak Increases Allocaton For TCS Free Meal Assistance InitiativeGold Futures Close Higher As Investors Focus On US Presidential ElectionPIC Initiates Ongoing Monitoring And Cleanup Efforts At Pantai EsenJPA’s Dermasiswa B40 Programme Helps Over 6,600 B40 Students Pursue Higher EducationMALBATT 850-12 Deployment To Commence Nov 6 – Mohamed KhaledKedah KPDN Receives 105 Complaints Regarding Packet Cooking OilIPT Students Can Redeem RM100 Book Vouchers From TodayKafe Ikhwan Manager Charged With Four Counts Of Human TraffickingPenang Customs Uncovers Secret Room Hiding Two Million Smuggled CigarettesCPO Futures Reach 28-month HighMedidata, Cogstate Partner To Transform Clinical Trials In NeurologyMedia Personnel Taste Military Life Through ’24 Hours As A Soldier’GISBH CEO, Wife File Habeas Corpus Seeking Immediate ReleaseMARA To Sponsor Top Students For Special ‘Ivy League’ Programme Next YearBudget 2025: Terengganu Focuses On Enhancing Tourism Facilities – ExcoIGB Proposes RM5 Bln Medium-term Notes ProgrammeCompanies Owned By KKDW Agencies Record Impressive Financial PerformanceNajib “Wilfully Blind” To The Need To Inquire Into Origin Of 1MDB Funds – JudgeRafizi And Sarawak Premier Discuss Bill On Carbon TradingUS$78 Trillion Required To Achieve Net Zero By 2050 – Wood MackenziePerkeso To Study Social Security Protection For Malaysians Working In SingaporeSexagenarian Charged With Cheating, TheftBan On EPF Withdrawal To Perform Haj Not True – LimASEAN 2025: Call For Tourism Players To Seize Opportunities To Host Conferences, Events1MDB Trial: Najib’s Defence Team Plans To Call 11 WitnessesBursa Malaysia Ends Lower On Regional Jitters As US Election Uncertainty WeighsKioxia Begins Mass Production of Industry’s First QLC UFS Ver. 4.0 Embedded Flash Memory DevicesUiTM, AGC Ink MoU To Boost Strategic Cooperation In Legal EducationMan Remanded Six Days To Assist In Baby Abandonment CaseSabah Immigration Deports 24 China IllegalsMeta-MCMC Continue Discussions On Licensing, Meta Needs To Be Proactive In Fighting Paedophilia Crime – FahmiMalaysia Reaffirms Commitment To Biodiversity Conservation, Preservation Of Natural HeritageTwo Myanmar Nationals Among Three Charged With Murder Of Unemployed ManNew PRR Affordable Housing To Promote Sustainability, LivabilityJoining BRICS Reflects Malaysia’s Preparedness In Facing New World OrderDept Directors Seek DG Approval Before Making Statements To Avoid Conflicting Info – KPPAGISBH: Woman Pleads Not Guilty To Child Exploitation ChargesPETRONAS’ Pengerang Cogeneration Plant Wins ‘Sustainable Plant Of The Year 2024’Report on 11th Annual Meeting of “Innovation for Cool Earth Forum” (ICEF2024)Thunderstorms Forecast Across Northern Peninsular Malaysia Throughout TomorrowCelebrate Deepavali With Joy And Family Togetherness – RamananPenang Cops Seeking Witnesses To Fatal Hit-and-runNajib To Answer Charges In High-profile 1MDB Case On Dec 2Deepavali: Traffic Volume On Major Highways IncreasingDecisive Action Needed To Achieve Net Zero By 2050, As World Is Currently On Path For 2.5 °C To 3 °C Global Warming, According to Wood MackenzieKelantan Gov’t Launches ‘Gold For Palestine’ Project To Raise Funds For PalestiniansTimeline Of Najib’s 1MDB Case: Key Moments Over Six YearsProposal For Feasibility Study On Use Of Nuclear Energy Yet To Be Finalised – FadillahBursa Slides At Noon Break On Sideways TradingMalaysia Proposes Optimal Use Of ASEAN-India Fund To Explore Cooperation In Agricultural SustainabilityThree Chinese Nationals Jailed Three Months For Pickpocketing At KLIATeen Quran Reciters Win Top Prize At Th TaHa Club National MusabaqahwatchTowr Partners with Orange to Redefine External Attack Surface Management for Strategic Enterprise CustomersRinggit Edges Higher Against US Dollar At The CloseMedidata and Cogstate Strike Strategic Partnership Transforming Clinical Trials in Neurology with Clinical Outcome Assessment (eCOA) and Clinician Solutions Powered by AI and Advanced AnalyticsFive Prospects Under PBSL Programme Re-arrested In Kelantan – Prisons DirectorBusinessman Loses RM800,000 To Investment ScamRafizi Confident Sarawak’s Development Momentum Will Increase Under 13MPRafizi Confident Sarawak’s Development Momentum Will Increase Under 13MPPM Anwar Extends Deepavali Greetings To Hindu DevoteesKhalis Project Exposes SK Sultan Idris II Students To Creative AnimationKhalis Project Exposes SK Sultan Idris II Students To Creative AnimationFisherman Charged With Murder Of Pakistani ManMTL Preparation: Over 200 Personnel Participate In Emergency Disaster ExerciseNational Police Chiefs Of Indonesia, Philippine Head List Of Police Award RecipientsCAAM Not Renewing Certificate Of Approval For GIAAN Flying AcademyXsolla and AurumDust Launch Charity Campaign With Ash of Gods: The Way to Support Games For ChangeHPPNS Sabah 2024 Targets Over 10,000 VisitorsMan Pleads Not Guilty To Attempted Murder Of PolicemenFestival Of Lights To Illuminate Unity Among MalaysiansMavenir Welcomes O-RAN ALLIANCE Report for Spectrum Aggregation in Multi-Vendor DeploymentsIsmail Sabri Joins In Deepavali Festivities In BrickfieldsSyndicate Selling Fake Medical Leave Chits Busted With Arrest Of SixFBM KLCI Futures End In Negative TerritoryCSOP: Pioneering Cross-border Opportunities in Hong Kong, Connecting Saudi Arabia with China’s Financial MarketsKioxia’s QLC UFS Ver. 4.0 Devices Suitable For Applications With Higher Storage CapacityHigh Court Orders Najib To Enter Defence In 1MDB CaseMaybank Appoints Giorgio Migliarina as New Group Chief Technology and Digital OfficerBursa Malaysia Opens Flat On Continued Caution Ahead Of US ElectionFBM KLCI Futures Open Weaker18 Waste-To-Energy Plants To Be Built Over 10 Years – SWCorpKedah JPJ Detains Three Lorry Drivers For Testing Positive For DrugsAxis-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 — MPC
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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