Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Quarterly revenue edged up by 6.
On a quarterly basis, the group’s NPI came in 6.
The property is situated within an established industrial development known as the Sendayan Techvalley Industrial Park.
In a Bursa Malaysia filing on Friday (Oct 20), Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit.
The REIT said the realised net income from its operations was RM33.
In a bourse filing on Tuesday (May 30), Axis REIT said its executive deputy chairman Datuk Abas Carl Gunnar Abdullah, 64, was promoted to executive chairman effective immediately, while its non-independent director Stephen Tew Peng Hwee@Teoh Peng Hwee, 62, will take over the role of deputy chairman.
Axis acquired the property in 2014 for RM153.
Axis REIT’s manager is optimistic that in view of the satisfactory performance of the REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for FY2023.
For the full FY2022 ended Dec 31, 2022, Axis REIT logged an NPI of RM245.