Tuesday, February 7, 2012

KrisAssets Feb 2012

It is likely to inject its two retail assets in Mid Valley City the Mid Valley Megamall and The Gardens shopping mall into a retail real estate and investment trust (REIT) in 2012. An industry source said the company had already engaged a merchant bank to look into the REIT exercise. The two assets have an estimated total asset value of close to RM4bil which makes KrisAssets a strong candidate to sponsor a REIT to unlock the value of its assets for its shareholders.

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