Friday 26 Apr 2024
By
main news image

KUALA LUMPUR (Dec 15): Goldis Bhd is selling 30 million shares or 0.9% in IGB Real Estate Investment Trust (IGB REIT) for RM38.35 million in two direct deals.

In separate statements to the exchange today, Goldis said the proceeds would be used to reduce its debt.

Goldis said it was selling 20 million shares in IGB REIT to Wah Seong (M) Trading Co Sdn Bhd for RM25.56 million. The disposal will be completed tomorrow (December 16).

Goldis is also selling 10 million IGB REIT shares to Tan Chin Nam Sdn Bhd for RM12.79 million. The transaction will be finalised this Wednesday (December 17).

Wah Seong and Tan Chin Nam are existing shareholders in IGB REIT.

IGB REIT shares fell four sen or 3% at 10.21am to RM1.27 for a market capitalisation of RM4.38 billion. Its share trade was halted between 9am and 10am today.

      Print
      Text Size
      Share