YTLREIT

1.190

-0.01 (-0.8%)

MULTIPLE PROPOSALS YTL HOSPITALITY REIT (FORMERLY KNOWN AS STARHILL REAL ESTATE INVESTMENT TRUST) (“YTL REIT”) (I) PLACEMENT OF NEW UNITS IN YTL REIT (“PLACEMENT UNITS”), AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM800 MILLION (“PLACEMENT”); AND (II) INCREASE IN THE EXISTING APPROVED FUND SIZE OF YTL REIT FROM 1,324,388,889 UNITS UP TO A MAXIMUM OF 2,125,000,000 UNITS (COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)

YTL HOSPITALITY REIT

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionYTL HOSPITALITY REIT (FORMERLY KNOWN AS STARHILL REAL ESTATE INVESTMENT TRUST) (“YTL REIT”)

(I) PLACEMENT OF NEW UNITS IN YTL REIT (“PLACEMENT UNITS”), AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM800 MILLION (“PLACEMENT”); AND

(II) INCREASE IN THE EXISTING APPROVED FUND SIZE OF YTL REIT FROM 1,324,388,889 UNITS UP TO A MAXIMUM OF 2,125,000,000 UNITS

(COLLECTIVELY REFERRED TO AS THE “CORPORATE EXERCISES”)

Announcement Info

Company NameYTL HOSPITALITY REIT  
Stock Name YTLREIT    
Date Announced26 Nov 2014  
CategoryGeneral Announcement
Reference NoMB-141125-38680

View original announcement