KIP Real Estate Investment Trust (KIP REIT) announced that it has received its unitholders' approval for the proposed acquisition of KIPMall Kota Warisan. The proposed acquisition was tabled and approved at the virtual extraordinary general meeting (EGM) held on 4 October 2023. The proposal was as follows: Proposed acquisition by Pacific Trustees Berhad, acting on behalf of KIP REIT, of KIPMall Kota Warisan for a purchase consideration of MYR 80.0 million to be satisfied entirely via cash.
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