KIP Real Estate Investment Trust has secured approval from Bursa Malaysia Securities Berhad to list and quote up to 220 million new units under its proposed private placement exercise, paving the way for the implementation of its fundraising plan linked to a proposed acquisition
The real estate manager said the approval was granted by Bursa Securities via a letter dated July 3, 2026, following earlier announcements made in April and June regarding the proposed acquisition and placement exercise.
The private placement forms part of KIP REIT’s broader capital-raising strategy to support the proposed acquisition, details of which were announced previously.
Under the approval, KIP REIT and its adviser, UOB Kay Hian Securities (M) Sdn Bhd (UOBKH), must comply with several conditions imposed by Bursa Securities. These include adherence to the Main Market Listing Requirements, submission of details of proposed placees for regulatory review prior to the issuance of the new units, and furnishing Bursa with a certified true copy of the unitholders’ resolution approving the proposals.
The REIT and its adviser are also required to notify Bursa upon completion of the placement and provide written confirmation that all approval conditions have been met.
Additionally, any applicable listing fees based on the market value of the placement units must be paid before the completion of the exercise.
The proposed placement is expected to strengthen KIP REIT’s financial position and provide funding flexibility as it pursues growth opportunities through strategic asset acquisitions.
KIP REIT is a retail-focused real estate investment trust with a portfolio comprising community-centric shopping centres and retail assets across Malaysia. The latest fundraising initiative reflects the trust’s ongoing efforts to expand its asset base and enhance long-term value for unitholders.
