Prasarana eyes potential REIT spin-off

KUALA LUMPUR (April 1): Prasarana Malaysia Bhd, which targets to turn profitable in the second half of next year, said it is looking at spinning off some of its assets into a real estate investment trust (REIT) and pare down its debt.

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Mad3 Studio

WHO: Tang Mun Kian, Desmond Phang and Bernard Chong met while working at the same advertising agency and struck up a friendship that has endured for more than a decade and counting.

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