Sentral REIT forks out RM450mil to acquire Menara CelcomDigi

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Sentral REIT forks out RM450mil to acquire Menara CelcomDigi FMTNews FMTBusiness

Menara CelcomDigi is located within the prime commercial hub of Petaling Jaya and has a net lettable area 450,000 sq ft.

In a filing with Bursa Malaysia, it said this will entail a proposed placement of up to 123.72 million shares, of which 34.56 million shares would be for MRCB’s undertaking to maintain their current percentage unitholding in Sentral REIT.The issuance of 123.72 million shares represents approximately 11.5% of the existing total units in issue and will be placed out to institutional investors at an issue price to be determined by way of bookbuilding.

The proposed acquisition, which includes six levels of podium and three levels of basement, is expected to be completed by the end of 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines