Landmarks Bhd plans to raise more than RM70mil selling about 20% of a real estate investment trust (REIT) that will own the Sungei Wang Plaza shopping centre in Kuala Lumpur by early next year.
The trust would probably give investors a yield of about 6.5%, managing director Mohamad Abdul Halim Ahmad said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!