AmFirst Real Estate Investment Trust (KLSE:AMFIRST) is seeking unitholders' approval for the proposed 331 million ringgit disposal of Menara AmBank to AmBank (M).
The transaction, which is subject to unitholder approval, involves the sale of the 46-storey freehold office building in Kuala Lumpur for cash.
Proceeds will be used to settle borrowings, partially repay bank debt and cover transaction expenses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.