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Real estate industry

Employees Provident Fund Board Increases Stake in Pavilion Real Estate Investment Trust

Strategic Insights

— 1 min read

The Employees Provident Fund Board, a Malaysia-based pension fund, has acquired an additional 729,700 units in Pavilion Real Estate Investment Trust (PREIT), increasing its stake in the company. The acquisition was made on June 6, 2024, and was disclosed to the Bursa Malaysia Stock Exchange on June 11, 2024. The Employees Provident Fund Board now holds a total of 440,043,603 units in PREIT, representing approximately 12.033% of the company's total outstanding shares.

Key Takeaways:

  • The Employees Provident Fund Board has increased its stake in Pavilion Real Estate Investment Trust (PREIT) by acquiring 729,700 additional units.
  • The acquisition was made on June 6, 2024, and was disclosed to the Bursa Malaysia Stock Exchange on June 11, 2024.
  • The Employees Provident Fund Board now holds a total of 440,043,603 units in PREIT, representing approximately 12.033% of the company's total outstanding shares.
  • The company's shares are held in various nominee accounts, with CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD being the primary shareholder.
  • The Employees Provident Fund Board's increased stake in PREIT may have implications for the company's future direction and investment decisions.
  • The company's share price may be affected by the Employees Provident Fund Board's increased stake, although the exact impact is uncertain.

Statistics:

  • 729,700 additional units acquired by the Employees Provident Fund Board in Pavilion Real Estate Investment Trust (PREIT)
  • 440,043,603 total units held by the Employees Provident Fund Board in PREIT (approximately 12.033% of total outstanding shares)
  • Sixth largest stake in PREIT held by the Employees Provident Fund Board out of various nominee accounts
  • Acquisition made on June 6, 2024, and disclosed on June 11, 2024, to the Bursa Malaysia Stock Exchange
  • Four separate nominee accounts hold shares on behalf of the Employees Provident Fund Board: CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD, CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (AHAM AM), CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (NOMURA), and CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (CIMB PRIN)

Sources:

  • Bursa Malaysia Stock Exchange
  • Pavilion Real Estate Investment Trust (PREIT)
  • Employees Provident Fund Board
  • CITIGROUP NOMINEES (TEMPATAN) SDN BHD
  • AHAM AM
  • NOMURA
  • CIMB PRIN
  • Aberdeen

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