AmFIRST REIT shareholders nod to up fund size

KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has received the nod from its unitholders to increase its existing approved fund size to 823.68 million units from 686.40 million units.

In a statement on Wednesday, AmFIRST REIT said it has received the approval from the relevant authorities for the 20% increase in the fund size.

It said the resolutions were reached during the company's third annual general meeting today, which were voted by way of a poll and were carried based on the results from the Unit Registrar, Symphony Share Registrars Sdn Bhd and Scrutineers, Ernst and Young.

For the financial year ended March 31, 2015, AmFIRST REIT recorded gross revenue and net property income of RM106.9 million and RM66.6 million respectively, down by 5% and 13% respectively, as compared to preceding corresponding year.- Bernama