KWAP said the properties in question are two purpose-built student accommodations, namely 800 Bristol Road in Birmingham, which was acquired for £14.62 million, and The Mill House in Edinburgh, which was acquired for £25.13 million.
Analysts believe this could give a boost to local contractors when the govt revisits them later
The businesses say they need more time to grasp the two taxes to be enforced from Sept 1 under the Sales Tax Act 2018 and Service Tax Act 2018.
Bruno Manser Fonds is based in Basel, Switzerland.
Both Pavilion REIT and Malton are linked to property tycoon Tan Sri Desmond Lim Siew Choon, who is a substantial shareholder and chairman of both entities.
C4 executive director Cynthia Gabriel: Malaysia certainly doesn’t need old wine in new bottles.
"Emotional scenes, reflecting how much staff adore and respect him."
Boon Koon intends to focus on one property project at a time, with the right location and price.
Renowned investor Koon Yew Yin had disposed a total of 5.88 million shares representing a 1.1% stake in the company.
Gurney Plaza in Penang and East Coast Mall in Kuantan recorded stronger performances that partially mitigated lower contributions from its Klang Valley shopping malls.
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