Sovereign Wealth Fund Government of Singapore Investment Corporation (GIC) has disposed another 885,600 units in Malaysia-listed Retail REIT CapitaMalls Malaysia Trust. The units were disposed in 2 tranches on comprising of 23,500 units and 862,100 units on the 7 June and 10 June respectively. This was revealed in a disclosure filed with Bursa Malaysia by CMMT today. This disposal comes on the back of previous disposals of 1.1 million units for the whole of last week.

Government of Singapore Investment Corporation has disposed a total of 2,069,000 units in CapitaMalls Malaysia Trust this past fortnight so far.

With the latest disposals, GIC now holds a remaining 100,629,500 units in CMMT with a stake that has been reduced to 5.68 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 closed its trading day on the Bursa Malaysia at RM1.86.