PROPOSED RENOUNCEABLE RIGHTS ISSUE ON THE BASIS OF THREE (3) NEW UNITS IN AmFIRST REAL ESTATE INVESTMENT TRUST (“AmFIRST REIT”) FOR EVERY FIVE (5) EXISTING UNITS IN AmFIRST REIT (“UNITS”) AT AN ENTITLEMENT DATE TO BE DETERMINED LATER; AND
PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF AmFIRST REIT FROM 429,001,000 UNITS TO 686,401,600 UNITS
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
PART B
INDEPENDENT ADVICE LETTER FROM PUBLIC INVESTMENT BANK BERHAD TO THE NON-INTERESTED UNITHOLDERS IN RELATION TO THE PROPOSALS
