Thanks to Covid 19 😁

Why popular?

Have u been to Mid Valley before?
Or regularly been around... Then u got answer...

YTL Hospitality REIT?
Exposure in Australia & Japan? 🤭

Withholding tax..
For the dividend received...
U don't do anything... It's deducted automatic..
Whatever u get is nett 😩

retail reits would be effected...
I mean those with high exposure to Malls...

can see the mall is suffering...
some REITs have some cut on the revenue of the mall tenants...
so tenants make less money. Reits also effected

From what I understand...
It's restricted IPO...
Current shareholder only can buy....
So they actually smart... Because if they go as ordinary IPO route... There's risk of undersubcribe.....

We all know there's oversupply of office space...
From what I see their portfolio... Those in Mid Valley City performing okay....

BUMP

new MReit is open for application

AME REAL ESTATE INVESTMENT TRUST

THE INITIAL PUBLIC OFFERING ("IPO") OF 254,800,000 UNITS IN AME REAL ESTATE INVESTMENT TRUST ("AME REIT") ("UNITS") ("OFFER UNIT(S)") COMPRISING:

(I) RETAIL OFFERING OF UP TO 174,808,820 OFFER UNITS CONSISTING OF THE FOLLOWING:

(A) NON-RENOUNCEABLE RESTRICTED OFFER FOR SALE OF UP TO 156,608,820 UNITS ("ROFS UNIT(S)") TO THE SHAREHOLDERS OF AME ELITE CONSORTIUM BERHAD ("AME") ON THE BASIS OF 1 ROFS UNIT FOR EVERY 5 ORDINARY SHARES HELD IN AME AS AT 5.00 P.M. ON 15 AUGUST 2022;

(B) 7,800,000 OFFER UNITS TO THE ELIGIBLE DIRECTORS AND EMPLOYEES OF AME AND ITS SUBSIDIARIES;

AND

© 10,400,000 OFFER UNITS FOR APPLICATION BY THE MALAYSIAN PUBLIC; AT THE RETAIL PRICE OF RM1.15 PER OFFER UNIT/ROFS UNIT ("RETAIL PRICE") PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IF THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE;

AND

(II) INSTITUTIONAL OFFERING OF AT LEAST 79,991,180 OFFER UNITS TO MALAYSIAN INSTITUTIONAL INVESTORS AND SELECTED INVESTORS, INCLUDING BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"), SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS IN CONNECTION WITH THE LISTING OF AND QUOTATION FOR 520,000,000 UNITS IN AME REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES"). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF THE RETAIL PRICE OF RM1.15 PER OFFER UNIT OR THE INSTITUTIONAL PRICE.


More Details & Prospectus:
https://www.bursamalaysia.com/market_inform...?ann_id=3283541

Lock up period or what?

🤔

Mind asking why? 🤔🧐

Personally if just this 2 REIT..

Then it's Sentral REIT 👍

Sunway REIT confirms in talks to buy retail assets from EPF, to ink agreement 'as soon as possible' for combined RM500 million

https://www.theedgemarkets.com/node/658936

So cheapskate nowadays huh...

For many companies AGM...

It least still got, if not all online one only 😏