KIP REIT Management Sdn Bhd has inked a deal to buy Aeon Mall Kinta City Shopping Centre in Perak for RM208mil.
KUALA LUMPUR: Retail group Aeon Co
(M) Bhd is planning to spend about RM500mil on capital expenditure (capex) to refurbish some of its outlets as well as Daiso stores.
Managing director Shinobu Washizawa said the allocation was lower than the group’s capex last year, as it expects a challenging year ahead due to the higher cost of living, cost of doing business and uncertainties from the trade war conflict.
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