AmFIRST REIT shareholders nod to up fund size

  • Business
  • Wednesday, 29 Jul 2015

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has received the nod from its unitholders to increase its existing approved fund size to 823.68 million units from 686.40 million units.

In a statement on Wednesday, AmFIRST REIT said it has received the approval from the relevant authorities for the 20% increase in the fund size.

It said the resolutions were reached during the company's third annual general meeting today, which were voted by way of a poll and were carried based on the results from the Unit Registrar, Symphony Share Registrars Sdn Bhd and Scrutineers, Ernst and Young.

For the financial year ended March 31, 2015, AmFIRST REIT recorded gross revenue and net property income of RM106.9 million and RM66.6 million respectively, down by 5% and 13% respectively, as compared to preceding corresponding year.- Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Impiana Hotels secures 5-year contract to manage Petronas leadership centre
Serba Dinamik appoints Nexia as new external auditors
F&N posts higher sales in Q3, but rising costs dent earnings
Political turmoil weighs on Bursa
As China's recovery wobbles, economists expect more policy easing
Thai holds key rate at record low amid COVID-19 surge
Sony posts Q1 profit jump on pandemic demand for devices and content
LBS Bina records property sales of RM684m as at end-July
Airline industry statistics confirm 2020 as worst year on record
Merchantrade Asia, NPCI offer real-time remittances to India

Stories You'll Enjoy