Monday, 15 July 2013

Al-Hadharah Boustead REIT will be taken private by Boustead Holdings?

Al-Hadharah Boustead REIT will be taken private by its parent company, Boustead Holdings, making it the first REIT in the country to be privatised, according to sources. The announcement of the takeover would be made soon, the sources added. Affin Investment Bank would be handling the privatisation. Both companies requested for their shares to be suspended last Fri "pending a material announcement." (Starbiz)

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