Sovereign Wealth Fund Government of Singapore Investment Corporation (GIC) has disposed another 614,000 units in Malaysia-listed Retail REIT CapitaMalls Malaysia Trust. This comes on the back of previous disposals of 569,000 units reported in REITSWEEK last Thursday.
|Government of Singapore Investment Corporation has disposed a total of 1,183,400 units in CapitaMalls Malaysia Trust this past week.|
With the latest disposals, GIC now holds a remaining 101,515,100 units in CMMT with a stake that has been reduced to 5.73 percent.
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.