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Amfirst REIT unit holders approve RM331mil Menara AmBank disposal

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) unit holders today approved the proposed RM331 million disposal of Menara AmBank, paving the way for the REIT to pursue new acquisitions, including hospital-related assets.

The Star MalaysiaThe Star查看原文 ↗
Amfirst REIT 单位持有人批准出售 Menara AmBank 3.31 亿令吉

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) unit holders today approved the proposed RM331 million disposal of Menara AmBank, paving the way for the REIT to pursue new acquisitions, including hospital-related assets.

AmREIT Managers Sdn Bhd chief executive officer Chong Hong Chuon said the disposal would reduce AmFIRST REIT’s gearing to about 33 per cent from 46 per cent-47 per cent, providing the REIT with a healthier balance sheet to pursue its portfolio diversification strategy.

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