OTHERS Establishment of a special purpose vehicle by Axis Real Estate Investment Trust (“Axis-REIT”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | Establishment of a special purpose vehicle by Axis Real Estate Investment Trust (“Axis-REIT”) |
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that a special purpose vehicle, Axis REIT Sukuk Berhad (“ARSB”) (Company No. 953751-W), was established on 21 July 2011 and its entire share capital was subsequently transferred to OSK Trustees Berhad, the trustee of Axis-REIT on 1 March 2012. Following the said transfer and with effect from 1 March 2012, ARSB has become a wholly-owned subsidiary of Axis-REIT. ARSB has been established by Axis-REIT for certain Islamic financings proposed to be undertaken by Axis-REIT. A separate announcement in relation to the proposed Islamic financings will be made once the terms of the said Islamic financings have been finalized. This announcement is dated 1 March 2012. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 1 Mar 2012 |
| Category | General Announcement |
| Reference No | CC-120301-18989 |



