Axis REIT buys three properties in Johor for RM28m in related party transaction

Axis REIT buys three properties in Johor for RM28m in related party transaction

The Edge Markets - Malaysia·2020-11-20 05:05

KUALA LUMPUR (Nov 19): Axis Real Estate Investment Trust (Axis REIT) is acquiring three properties in Johor in a related-party transaction for RM28.2 million cash.

In a bourse filing, the REIT said its trustee, RHB Trustees Bhd has entered into sale and purchase agreements with a real estate company Axis AME IP Sdn Bhd (AAIP) for the proposed acquisition.

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