PETALING JAYA: Amanahraya Real Estate Investment Trust’s (Amanahraya REIT) share price remains flat at 95 sen this morning after announcing that it is buying Vista Tower on Jalan Tun Razak, Kuala Lumpur for RM455 million cash.
As at 11.36am, Amanahraya REIT’s share price stood at 95 sen with 133,000 shares changing hands. It has a market capitalization of RM544.6 million.
Amanahraya REIT told the stock exchange yesterday that the REIT’s management company AmanahRaya-Kenedix REIT Manager Sdn Bhd had entered into a conditional sale and purchase agreement with The Intermark Sdn Bhd for the proposed acquisition.
With the proposed acquisition, Amanahraya REIT’s total asset value will increase from RM1.04 billion as at June 30, 2017 to RM1.56 billion.
— THE SUN
Disclaimer: The information is provided for general information only. iProperty.com Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.
