Renounceable rights issue of 210,375,000 new units in Tower Real Estate Investment Trust ("Tower REIT") ("Rights Unit(s)") on the basis of 3 Rights Units for every 4 existing units in Tower REIT held as at 5.00 p.m. on Tuesday, 30 April 2024 at an issue price of RM0.31 per Rights Unit ("Rights Issue")
About TOWER REITS
Tower Real Estate Investment Trust is a real estate investment trust that invests in office buildings and commercial properties. The company?s objective is to provide with stable distribution per unit and sustain the growth of distribution in long-term; and achieve medium to long-term growth in net asset value per unit. Its portfolio consists of two commercial office buildings located in Klang Valley. The company?s portfolio has a diversified tenant base in various sectors that include information technology, property, trading, professional services, advertising, financial services, oil and gas, embassy and others.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:
Market Buzz
No result.
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
People who like this
Featured Posts
Moomoo MY
Open a Moomoo Account Today and Win an Apple iPad Air*!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....