Investor Info


Announcements

 

Multiple Proposals

Published : 14 Feb 2017
Announced : 14 Feb 2017

Type Announcement
Subject MULTIPLE PROPOSALS
Description

HEKTAR REAL ESTATE INVESTMENT TRUST ("HEKTAR REIT")

(I) PROPOSED ACQUISITION;

(II) PROPOSED RIGHTS ISSUE;

(III) PROPOSED ISSUANCE TO MANAGER;

(IV) PROPOSED AUTHORITY; AND

(V) PROPOSED INCREASE IN FUND SIZE

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Reference is made to Hektar REIT’s announcements dated 10 June 2016, 5 September 2016, and 9 January 2017 in relation to the Proposals (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements.)

On behalf of the Board, Maybank IB wishes to announce that given the recent changes to the Board as well as an indirect substantial unitholder of Hektar REIT pursuant to the passing of Dato’ Jaafar bin Abdul Hamid, the Company has decided to withdraw the application for the listing and quotation of the new Units to be issued pursuant to the Proposed Rights Issue, Proposed Issuance to Manager and Proposed Authority on the Main Market of Bursa Securities (“Listing Application”) which was submitted to Bursa Securities on 2 November 2016 to allow the Board to address these developments.

However, as the Board still intends to proceed with the Proposals, the Board expects to submit a new Listing Application to Bursa Securities no later than 20 February 2017.

 This Announcement is dated 14 February 2017.