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AIMS APAC REIT falls as much as 8.8% as sponsor sells 70.3 mil units

Stanislaus Jude Chan
Stanislaus Jude Chan10/16/2019 04:20 PM GMT+08  • 2 min read
AIMS APAC REIT falls as much as 8.8% as sponsor sells 70.3 mil units
SINGAPORE (Oct 16): Units in AIMS APAC REIT fell as much as 8.8% immediately after the lifting of a trading halt at 12.51pm, after an announcement that sponsor AIMS Financial Group had exercised the call option for 70.3 million units of AA REIT previously
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SINGAPORE (Oct 16): Units in AIMS APAC REIT fell as much as 8.8% immediately after the lifting of a trading halt at 12.51pm, after an announcement that sponsor AIMS Financial Group had exercised the call option for 70.3 million units of AA REIT previously held by AMP Capital Investors and its affiliates.

Subsequently, AIMS has also undertaken a secondary placement of the sale units at $1.35 each to predominantly new investors including high quality institutional, sovereign wealth, family office and high net worth investors across Asia Pacific and Europe.

The placement exercise was carried out by Merrill Lynch (Singapore), DBS Bank, and Maybank Kim Eng Securities.

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