Eddie Ong buys into Hektar REIT, says no plan to merge with KIP REIT for now
In a bourse filing on Wednesday, Hektar REIT said Ong acquired 42.
In a bourse filing on Wednesday, Hektar REIT said Ong acquired 42.
KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
KIP REIT has proposed a final income distribution of 1.
The company said with the appointment, Ong has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT.
KUALA LUMPUR (April 21): KIP Real Estate Investment Trust (REIT) net property income (NPI) in the third quarter ended March 31, 2022 (3QFY22) rose 5.
KUALA LUMPUR (Sept 14): Datuk Eddie Ong Choo Meng (pictured) has emerged as the substantial unitholder in KIP Real Estate Investment Trust (KIP REIT), after acquiring a 9.
KUALA LUMPUR (Sept 13): KIP Real Estate Investment Trust (REIT) saw its substantial unitholder Datin Teoh Siew Chin disposing of 20.
KUALA LUMPUR (Sept 11): Businessman Datuk Eddie Ong Choo Meng (pictured) “could emerge as a substantial unitholder of retail KIP Real Estate Investment Trust as early as this week”, The Edge Malaysia reported in its latest issue.