PETALING JAYA: Independent advisor Hong Leong Investment Bank (HLIB) has deemed KLCC Property Holdings Bhd’s plan to form a stapled real estate investment trust (REIT) as fair and reasonable.
“We are of the view that the benefits of the proposed stapled structure and the rationale for the proposed Midciti Resources Sdn Bhd acquisition have sufficient merits and are not detrimental to the non-interested shareholders,” said HLIB.
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!