HLIB sees minimal impact on REITs amid high-value goods tax implementation
The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.
The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.
IGB REIT Management also announced that Lee Chen Chong and Tan Boon Lee will be standing down as directors come Dec 31, as part of the board reorganisation to facilitate independence and diversity in the boardroom.
Yong was later appointed as the executive director of MVC in 2003 and served as its chief executive officer, responsible for overseeing the management and operations of Mid Valley Megamall.
Al-`Aqar Healthcare REIT owns the lands and buildings of Jeta Gardens Aged Care facility, while KPJ owns the business and leases the property.
The divestment, it said, is driven by the shift from residential aged care to home care since 2019, which has resulted in its facility market value declining by one-third to A$27.
The rights issue will involve the issuance of up to 280.
CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall.
Sentral REIT had on July 25 struck a deal with MRCB’s wholly-owned unit Puncak Wangi Sdn Bhd to acquire Menara CelcomDigi, a 27-storey office building.
The REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing.
In a bourse filing on Wednesday, Hektar REIT said Ong acquired 42.