Heavyweight Sovereign Wealth Fund (SWF) Government of Singapore Investment Corporation (GIC) has disposed a total 569,000 units in Retail REIT CapitaMalls Malaysia Trust (CMMT). The disposals were done on 3 occasions between 30 May 2013 and 4 June 2013 in tranches of 200,000 units, 34,000 units and 335,500 units respectively.
|CapiaMalls Malaysia Trust has a portfolio of 4 properties across Malaysia. Photo by CapitaMalls Malaysia Trust.|
However despite the latest disposals, GIC will still be holding on to 102,129,500 units of CMMT which represents a 5.77 percent stake in the trust.
CMMT currently has a portfolio of 4 retail malls across Malaysia valued at RM2936 million with a total lettable area of 2,486,312 square feet. Units of CMMT clsed its trading day on the Bursa Malaysia at RM1.86.