EPF records RM46mil profit from sale of six retail assets in Klang Valley and Johor, says Ahmad Maslan

KUALA LUMPUR: The Employees Provident Fund (EPF) raked in a profit of RM46mil by selling six retail assets in the Klang Valley and Johor, the Dewan Rakyat was told.

Deputy Finance Minister I Datuk Seri Ahmad Maslan said assets sold in the Klang Valley were grocery retail outlet Giant’s buildings in Bandar Kinrara, Putra Heights, USJ, Klang and Ulu Klang.

In Johor, the retail outlet’s building in Plentong was sold.

“The assets were sold to Sunway Real Estate Investment Trust (Sunway REIT), of which EPF has a 15.24% ownership.

“This means they are not completely lost.

“There are also plans to sell an asset in Kelana Jaya to a government-linked corporation,” he said in response to Datuk Ahmad Amzad Mohamed (PN-Kuala Tererenganu) during Parliament Question Time on Wednesday (May 24).

The Pontian MP said EPF’s total assets were at RM1.3 trillion, making it the richest government agency.

He added that EPF also has property investments both domestically and internationally.

“Domestically, there is about RM11bil comprising EPF buildings at the headquarters and all states.

“Internationally, it is about RM30bil with half in the United Kingdom.

“One of the biggest property investments would be the Battersea Power Station,” he said in response to a supplementary question by Jimmy Puah Wee Tse (PH-Tebrau) on EPF’s domestic investments.

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