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.