- KrisAssets Holdings Bhd, the owner and operator of Mid Valley Megamall, is believed to be buying The Gardens Mall developed by IGB Corp in a deal estimated to be close to RM1 billion.
- KASSETS to operates like a real estate investment trust & a new opportunity for recurring income.
- Both counters requested for suspension from 2.30pm yesterday and on Monday February 14, pending the announcement of a proposed material transaction.
- The Gardens Mall, together with 4,300 parking bays, a net book value of RM594.04 million. The property is on leasehold until 2103.
- The Mid Valley Megamall valued at RM1.85 billion.
Monday, February 14, 2011
Possible takeover between IGB and KASSETS
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