KLCCP’s Suria KLCC deal a win

Flowering inflatables: Visitors posing for photos in front of giant 'blooms' under a clear, blue sky at Suria KLCC, Kuala Lumpur. — LOW LAY PHON/The Star

PETALING JAYA: KLCCP Stapled Group’s acquisition of the remaining 40% equity interest in Suria KLCC Sdn Bhd (Suria KLCC), which owns and manages Suria KLCC Mall, for RM1.95bil is viewed positively by analysts.

KLCCP Stapled Group announced that KLCC Property Holdings Bhd had on Jan 26, 2024 entered into a share purchase agreement with existing shareholders of Suria KLCC, namely, Ocmador (M) City Retail Centre Sdn Bhd, Port Moresby Investment Ltd and Bold Peak Sdn Bhd and CBRE Asia Retail Fund Ltd as seller’s guarantor for the proposed acquisition by KLCC Property of a 40% equity interest in Suria KLCC not already owned by KLCC Property for RM1.95bil.