KUALA LUMPUR: Boustead Holdings Bhd plans to set up an Islamic plantation real estate investment trust (REIT) – Al-Hadharah Boustead REIT – involving the proposed disposal of plantation assets to the REIT for RM500mil and proposed leaseback of the assets.
The company had on June 21 stated its intention to establish an Islamic plantation REIT, but did not reveal full details.
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