KIP REIT secures approval for RM320mil acquisition of DPulze shopping centre


KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320 million.

The real estate investment company also received approval for a private placement of up to 180 million new units, representing approximately 29.1 per cent of existing issued units, to partially fund the acquisition.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Hap Seng Plantations 4Q earnings likely to be strong
UK budget ‘headroom’ a harmful obsession
Bursa Malaysia extends gains to close higher
Inflation expected to remain manageable
Atlan subsidiary ceases duty-free business�in JB
Sarawak Plantation eyes steady recovery
Australia’s soaring fiscal spending ‘unsustainable’

Others Also Read