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Multiple Proposals

BackMar 10, 2015
Type Announcement
Subject MULTIPLE PROPOSALS
Description CAPITAMALLS MALAYSIA TRUST (“CMMT”)

(I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD (“TRUSTEE” OR THE “PURCHASER”), ON BEHALF OF CMMT, OF TROPICANA CITY MALL TOGETHER WITH ALL ITS CAR PARK BAYS AND TROPICANA CITY OFFICE TOWER FOR A PURCHASE CONSIDERATION OF RM540.00 MILLION (“PROPOSED ACQUISITION”);

(II) PROPOSED ALLOTMENT, ISSUANCE AND PLACEMENT OF UP TO 299.6 MILLION NEW UNITS IN CMMT (“UNITS”), AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM395.50 MILLION (“PROPOSED PLACEMENT”);

(III) AS PART OF THE PROPOSED PLACEMENT, THE PROPOSED ALLOTMENT, ISSUANCE AND PLACEMENT OF UP TO 108.8 MILLION NEW UNITS TO CMMT INVESTMENT LIMITED (“CIL”), WHICH REPRESENTS 36.32% (BEING THE CURRENT AGGREGATE UNITHOLDINGS OF CAPITAMALLS ASIA LIMITED (“CMA”) IN CMMT HELD THROUGH CIL AND MENANG INVESTMENT LIMITED (“MIL”)) OF THE TOTAL NEW UNITS PLACED OUT UNDER THE PROPOSED PLACEMENT AT A PRICE TO BE DETERMINED LATER, SUBJECT TO GROSS PROCEEDS AMOUNTING UP TO RM143.65 MILLION (“PROPOSED CIL PLACEMENT”); AND

(IV) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF CMMT FROM 2,290,370,640 UNITS UP TO 2,589,970,640 UNITS (“PROPOSED INCREASE IN FUND SIZE”)

(THE PROPOSED PLACEMENT, PROPOSED CIL PLACEMENT AND PROPOSED INCREASE IN FUND SIZE SHALL BE COLLECTIVELY REFERRED TO AS THE “PROPOSALS”

We refer to the announcements dated 26 January 2015 and 9 March 2015 in relation to the Proposed Acquisition and the Proposals (“Previous Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Previous Announcements.


On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd., the Manager of CMMT, CIMB wishes to announce that the valuation report dated 28 February 2015 in respect of the Proposed Acquisition prepared by Henry Butcher Malaysia Sdn. Bhd. has been submitted to the SC today. 

This announcement is dated 10 March 2015.

 


Announcement Info

Company Name CAPITAMALLS MALAYSIA TRUST  
Stock Name CMMT    
Date Announced 10 Mar 2015  
Category General Announcement
Reference No MM-150310-56480