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East Coast Mall Acquisition - Conditional Approval for the Proposed Placement and Approval of the Valuation of East Coast Mall from The Securities Commission

BackSep 05, 2011
Date Announced : 05/09/2011  

 

Type : Announcement
Subject :
MULTIPLE PROPOSALS

Description :
CAPITAMALLS MALAYSIA TRUST (“CMMT”)

(I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD, ON BEHALF OF CMMT, OF EAST COAST MALL FOR A PURCHASE CONSIDERATION OF RM310,000,000 (“PROPOSED ACQUISITION”); AND

(II) PROPOSED PLACEMENT OF UP TO 298,971,000 NEW UNITS IN CMMT (“PLACEMENT UNITS”) BY WAY OF BOOKBUILDING, REPRESENTING UP TO 20% OF THE EXISTING UNITS IN CMMT PURSUANT TO THE AUTHORITY GRANTED (“PROPOSED PLACEMENT”);

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Announcement Details/Table Section :

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN. 

(Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcement dated 14 June 2011).

We refer to the announcements dated 14 June 2011, 29 June 2011 and 12 July 2011 in relation to the Proposals.

On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (“CMRM”), which is the manager of CMMT, CIMB Investment Bank Berhad (“CIMB”) is pleased to announce that the Securities Commission (“SC”) has, through its letter dated 5 September 2011, approved the Proposed Placement, subject to CMRM and CIMB informing the SC prior to the listing of the said units:

(a)                 the actual number of units issued;

(b)                 the date of issuance of the units; and

(c)                 the date of listing and quotation for the Placement Units of CMMT on the Main Market of Bursa Securities.

CIMB is also pleased to announce that the SC has, through its letter dated 5 September 2011 approved the valuation of East Coast Mall.  

 

This announcement is dated 5 September 2011.