SUNWAY REIT
THE INITIAL PUBLIC OFFERING OF 1,654,969,300 NEW UNITS REPRESENTING UNDIVIDED INTERESTS IN SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”) (“OFFER UNITS”) IN CONJUNCTION WITH THE LISTING OF SUNWAY REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD.
MIDF Consultancy and Corporate Services Sendirian Berhad (MIDFCCS) wishes to announce that the Initial Public Offering of SUNWAY REIT which was made available for application by the Malaysian Public has been oversubscribed.
For the 134,005,600 offer units made available for subscription by the Malaysian Public, a total of 5,519 applications for 135,262,900 offer units with a value of RM131,205,013 were received from the Malaysian Public. This represents a subscription rate of 1.01 times.
For Sunway REIT’s Institutional Offering, a total of 1,520,963,700 offer units have been placed out to Malaysian and Foreign Institutional and selected investors.
The Institutional Price for the Initial Public Offering has been fixed at RM0.90. Accordingly, the Final Retail Price, which is less that the Retail Price of RM0.97 per unit, has been fixed at RM0.88 per unit (being 97% of the Institutional Price rounded up to the nearest sen). A refund by cheque for RM0.09 per offer unit will be despatched to the successful retail applicants by ordinary mail within 10 market days from the final ballot at the applicant’s own risk.
Notices of Allotment will be despatched by post to all successful applicants on or before 6 July 2010.
The Sole Financial Adviser is RHB Investment Bank Berhad. The Joint Underwriters for the Retail Offering are RHB Investment Bank Berhad, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad while the Joint Global Co-ordinators for the Institutional Offering are RHB Investment Bank Berhad and Credit Suisse (Singapore) Limited. The Joint Bookrunners for the Institutional Offering are RHB Investment Bank Berhad, Credit Suisse (Singapore) Limited, Credit Suisse Securities (Malaysia) Sdn Bhd, CIMB Investment Bank Berhad, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities Ltd. and Maybank Investment Bank Berhad.
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