News

East Coast Mall Acquisition- Fixed the Issue Price of 261,904,000 New Units at RM1.26 Per Unit and Successfully Identified Places for the Proposed Placement to Raise Gross Proceeds of RM330 Million

BackOct 28, 2011

Date Announced

28/10/2011

Type

Announcement

Subject

MULTIPLE PROPOSALS

Description

CAPITAMALLS MALAYSIA TRUST (“CMMT”)

(I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD, AS TRUSTEE 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.

We refer to the announcement dated 14 June 2011 in relation to the Proposals.

On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (“the Board”), which is the manager of CMMT, CIMB Investment Bank Berhad (“CIMB”) is pleased to announce that the Board had, on 28 October 2011, fixed the issue price of 261,904,000 new Units at RM1.26 per Unit and successfully identified placees for the Proposed Placement to raise gross proceeds of approximately RM330 million.
CIMB and JPMorgan Securities (Malaysia) Sdn. Bhd. acted as placement agents for the placement exercise.

This announcement is dated 28 October 2011.