KUALA LUMPUR: The prospect of TA Enterprise Bhd (TA) raising more than RM1bil through the sale of its properties to a real estate investment trust (REIT) sent shares of the stockbroker and property developer to their highest level in six weeks yesterday.
TA Enterprise shares closed up 17 sen to RM1.94 while its warrant-B jumped 7 sen to 88 sen as the group announced it might package property assets in Australia, Canada, Malaysia and potentially South Africa into a REIT.
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