Tiong Nam says no decision on venture into warehouse REIT

PETALING JAYA: Tiong Nam Logistics Holdings Bhd has neither decided nor concluded any deals relating to its plan to venture into warehouse real estate investment trust (REIT).

It was responding to a news article published in a business daily regarding the matter on Monday.

“As at the date of this announcement, nothing conclusive has been agreed and decided upon.”

Thus, at this juncture, the company has no material information to disclose to its stakeholders and Bursa Securities,” it said in a filing to Bursa Malaysia yesterday.

However, it added that Tiong Nam was constantly exploring areas of growth and expansion for its businesses as well as opportunities to unlock the value of its businesses and strengthen the position of the company.

Hence, as a result, the company has been and will continue to evaluate possible opportunities to achieve the above-mentioned outcome.