KIP REIT submits listing application for proposed placement; Klang property SPA terminated

KUALA LUMPUR (June 4): KIP Real Estate Investment Trust (KIP REIT) has submitted a listing application to Bursa Malaysia Securities Bhd in connection with its proposed placement of new units.

In a Bursa filing yesterday, KIP REIT's manager said the application was lodged on June 3, 2026. The proposed placement forms part of the proposals comprising an acquisition and a placement first announced on April 27, 2026.

CIMB Investment Bank Bhd and Maybank Investment Bank Bhd were appointed as joint placement agents for the exercise, according to a filing dated April 28, 2026.

Separately, KIP REIT disclosed on May 28 that the conditional period under SPA 3 relating to the acquisition of the remaining lease interest in a Klang industrial property had expired on that date, and the parties mutually agreed to terminate the agreement. Upon termination, vendor CLSB will refund the deposit paid by KIP REIT's trustee, after which SPA 3 will become null and void and neither party will have any right or claim against the other arising from the agreement.

KIP REIT said the termination will not have any material impact on earnings per unit, distribution per unit or net asset value per unit for the financial year ending June 30, 2026.

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