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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 prominent Malaysian pension fund, has disclosed its increased stake in Pavilion Real Estate Investment Trust (REIT) through CITIGROUP NOMINEES (TEMPATAN) SDN BHD. The fund acquired 709,900 units in Pavilion REIT, thereby increasing its direct interest to 12.268% of the total outstanding units. This move marks a significant shift in the pension fund's investment strategy, further solidifying its position as a substantial shareholder in the trust.

Key Takeaways:

  • The Employees Provident Fund Board, through CITIGROUP NOMINEES (TEMPATAN) SDN BHD, acquired 709,900 units in Pavilion Real Estate Investment Trust (Pavilion REIT) on August 7, 2024.
  • The acquisition resulted in the fund's direct interest in Pavilion REIT increasing to 12.268% of the total outstanding units.
  • A total of 449,076,203 units are now held by the fund, spread across various names including CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (ABERDEEN).
  • Key addresses include the 5th Floor, EPF Tower, No. 1, Persiaran Kwasa Utama, Shah Alam 40150 Selangor Malaysia, and Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur.
  • This move marks a significant increase in the pension fund's stake in Pavilion REIT, highlighting its strategic investment approach.

Statistics:

  • 709,900 units were acquired by CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (ABERDEEN) on August 7, 2024.
  • The direct interest in Pavilion REIT now accounts for 12.268% of the total outstanding units.
  • The Employees Provident Fund Board now holds a total of 449,076,203 units in Pavilion REIT.

Sources:

  • Pavilion REIT: Changes in Sub. S-hldr's Int (Section 138 of CA 2016) (Source: [www.bursamalaysia.com](http://www.bursamalaysia.com))

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