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KIP REIT calls unitholder vote on RM435 mil Setapak mall buy

KIP Real Estate Investment Trust (KIP REIT) has issued a circular to unitholders seeking approval for its proposed RM435 million acquisition of Setapak Central Mall in Kuala Lumpur and a concurrent private placement of up to 220 million new units, ahead of a July 23 unitholders’ meeting.

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Sapura Industrial to sell Melaka land for RM10.5 million cash

Sapura Industrial Bhd (SIB) has signed a sale and purchase agreement (SPA) to dispose of a piece of vacant industrial land in Melaka for RM10.48 million cash, with the proposed disposal providing an opportunity for the group to realise the capital appreciation of the property, according to its filing with Bursa Malaysia.

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