"We are confident that with the right pricing and valuation, the AREIT IPO will garner strong interest from both institutional and retail investors as the REIT is supported by high quality government-backed asset."
Testifying as a defence witness in a wrongful dismissal case that Toh brought against Menang yesterday, Shun said he had not questioned Toh’s decision then as the two were good friends at the time.
Plans to build 32,500 units over the next 10 years to meet its 50,000 homes target by 2028.
In allowing the transfer, Justice Nazlan said he took into consideration the keen public interest in the case and the high value involved. He also noted that the other case — comprising seven charges involving RM42 million in SRC International — has also been transferred to the High Court from the Sessions Court previously.
Moving forward, the manager of the REIT is optimistic that in view of the current satisfactory performance of Axis REIT’s existing investment portfolio and its growth strategy to actively pursue quality acquisitions, it will be able to maintain its current performance for FY18.
The shop office development is in Central Island Park, a 10.11ha development within Aspen Vision City which Aspen is jointly developing with IKEA Southeast Asia.
An MP says wages have been kept low for too long, and this is not healthy for the economy.
The postponement is partly related to a request by Najib's defense led by Tan Sri Mohd Shafee Abdullah for the prosecution to prepare the pre-trial documents in hard copy format as proposed earlier.
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