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KIP Real Estate Investment Trust ("KIP REIT") has successfully concluded its 8th annual general meeting (AGM) and extraordinary general meeting (EGM) today with all resolutions passed.
During the AGM, KIP REIT presented the audited financial statements for the financial year ended 30 June 2024, alongside the Directors' and Auditors' Reports, all of which were approved by unitholders.
In the EGM, unitholders approved the acquisition of DPulze Shopping Centre in Cyberjaya for RM320 million and t
The real estate investment company also received approval for a private placement of up to 180 million new units, representing approximately 29.1% of existing issued units, to partially fund the acquisition.
Looks like only shareholders involved in the private placement get to buy cheaper at 0.815. The rest have to content with whatever the market has to offer
