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.
KUALA LUMPUR: 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 RM2.2 billion.
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SEE Hoy Chan Holdings Sdn Bhd (SHCH) is mulling plans to inject its retail assets into a real estate investment trust (REIT) that will be listed on Bursa Malaysia, according to sources. “Several investment banks have been approached for the corporate exercise,” one of them tells The Edge.