Sunway Reit Management CEO Datuk Jeffrey Ng (pic) said, “Despite the tough market conditions, the encouraging support from investors reinforces investors’ confidence towards Sunway REIT’s medium to long-term growth trajectory. “With the expected completion of the private placement, Sunway REIT’s capital base will be strengthened..."
PETALING JAYA: Sunway Real Estate Investment Trust
(Sunway REIT) has successfully raised gross proceeds of RM710mil through the placing out of 479.7 million new units in line with the private placement exercise at an issue price of RM1.48 per unit.
The proceeds from the private placement have been earmarked to mainly fund the acquisition of The Pinnacle Sunway and the expansion of Sunway Carnival Shopping Mall.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
