KUALA LUMPUR: CapitaMalls Malaysia REIT Management Sdn Bhd is not going ahead with talks to purchase the Tropicana City Mall and office tower in Petaling Jaya from Tropicana Corporation Bhd.
The company said on Tuesday that CapitaMalls Malaysia Trust (CMMT) had decided not to pursue further with the acquisition as “both parties are unable to mutually agree on the terms of the sale and purchase agreement”.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
