Awesome quarterly results. Just 1Q and the profit is already better than the entire FY2020 and more than half of FY2021. There'll be some sweet div coming in the next quarter.
Pavilion Real Estate Investment Trust (Pavilion-REIT) has proposed to acquire Pavilion Bukit Jalil Mall (PBJ) from Regal Path Sdn Bhd for an aggregate purchase consideration of RM2.2bil.
In a filing with Bursa Malaysia yesterday, it said Regal Path will dispose of one block of five-storey retail mall with two basement car park levels located within Bukit Jalil City, Kuala Lumpur, together with the related assets and rights.
In addition, Pavilion-REIT will also acquire additional moveable assets required for the operations of PBJ Mall which include laptops, buggies and mobile elevating work platforms (ancillary purchases).
As at the latest practicable date, the total net book value of these assets is about RM3.4mil,” it said.
Regal Path is a joint-venture company of Malton’s wholly-owned subsidiary, Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s wholly-owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.
Malton said the disposal is not expected to result in it becoming a cash company or a PN17 company as defined under the Listing Requirements.
I think Bukit Jalil will help to boost revenue, the footfall there is very good from my last few visits it is increasing. Now just need the shops to come in too...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ZeaXG
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Posted by ZeaXG > 2021-11-25 11:26 | Report Abuse
<RM1 too expensive. Wait until free