CMMT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: CAPITAMALLS MALAYSIA TRUST
Stock Name: CMMT
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING ("OFFERING") OF 786,522,000 UNITS ("UNITS") IN CMMT
Contents: Pursuant to Section 9(1) of the Capital Markets and Services Act 2007, Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008, on behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.), the manager of CMMT, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad hereby announce that Menang Investment Limited, (formerly known as Esposito Investments Limited), ("Offeror"), has appointed J.P. Morgan Securities Ltd as the stabilising manager ("Stabilising Manager") on 8 July 2010 and the Units may be subject to stabilisation action at the Stabilising Manager's absolute discretion. The Offeror granted an over-allotment option to the Stabilising Manager in respect of 117,978,000 Units, being the maximum number of Units that the Stabilising Manager may buy to undertake stabilising action. The maximum period during which stabilising action may be taken is from the date of commencement of trading of the Units on the Main Market of Bursa Malaysia Securities Berhad ("Main Market) until the earlier of (i) the date falling 30 calendar days from the issue date of the Units and (ii) the date when the Stabilising Manager has bought, on the Main Market, an aggregate of 117,978,000 Units.
However, as there was no over-allotment of Units in the Initial Public Offering upon the closing of the institutional offering under the Initial Public Offering on 7 July 2010, the Stabilising Manager will not be exercising the over-allotment option and there will be no Units borrowed by the Stabilising Manager under the Unit Lending Agreement dated 8 July 2010 executed between the Stabilising Manager and the Offeror. Accordingly, no price stabilisation actions will be carried out by the Stabilising Manager.
This announcement is dated 8 July 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: CAPITAMALLS MALAYSIA TRUST
Stock Name: CMMT
Date Announced: 08/07/2010
Announcement Detail:
Type: Announcement
Subject: STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING ("OFFERING") OF 786,522,000 UNITS ("UNITS") IN CMMT
Contents: Pursuant to Section 9(1) of the Capital Markets and Services Act 2007, Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008, on behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.), the manager of CMMT, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad hereby announce that Menang Investment Limited, (formerly known as Esposito Investments Limited), ("Offeror"), has appointed J.P. Morgan Securities Ltd as the stabilising manager ("Stabilising Manager") on 8 July 2010 and the Units may be subject to stabilisation action at the Stabilising Manager's absolute discretion. The Offeror granted an over-allotment option to the Stabilising Manager in respect of 117,978,000 Units, being the maximum number of Units that the Stabilising Manager may buy to undertake stabilising action. The maximum period during which stabilising action may be taken is from the date of commencement of trading of the Units on the Main Market of Bursa Malaysia Securities Berhad ("Main Market) until the earlier of (i) the date falling 30 calendar days from the issue date of the Units and (ii) the date when the Stabilising Manager has bought, on the Main Market, an aggregate of 117,978,000 Units.
However, as there was no over-allotment of Units in the Initial Public Offering upon the closing of the institutional offering under the Initial Public Offering on 7 July 2010, the Stabilising Manager will not be exercising the over-allotment option and there will be no Units borrowed by the Stabilising Manager under the Unit Lending Agreement dated 8 July 2010 executed between the Stabilising Manager and the Offeror. Accordingly, no price stabilisation actions will be carried out by the Stabilising Manager.
This announcement is dated 8 July 2010.
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