Employees Provident Fund Board Disposes of 287,700 Units in Pavilion Real Estate Investment Trust

Strategic Insights -

The Employees Provident Fund Board has disclosed its change in substantial securities holder's interest in Pavilion Real Estate Investment Trust. On August 28, 2024, the Fund disposed of 287,700 units in the Trust through CITIGROUP NOMINEES (TEMPATAN) SDN BHD, its nominee. This transaction resulted in a decrease in the Fund's direct interest in Pavilion Real Estate Investment Trust from 12.275% to 12.268%.

Key Takeaways:

  • The Employees Provident Fund Board disposed of 287,700 units in Pavilion Real Estate Investment Trust through CITIGROUP NOMINEES (TEMPATAN) SDN BHD.
  • The sale of units resulted in a decrease in the Fund's direct interest in Pavilion Real Estate Investment Trust from 12.275% to 12.268%.
  • The transaction was done through the Fund's nominee, CITIGROUP NOMINEES (TEMPATAN) SDN BHD.
  • A total of 449,107,903 units remain under the Fund's direct interest in Pavilion Real Estate Investment Trust.
  • The transaction involved multiple parties, including CITIGROUP NOMINEES (TEMPATAN) SDN BHD's various nominees, such as CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (AHAM AM), CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (NOMURA), CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (CIMB PRIN), CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (TEMPLETON), and CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD (ABERDEEN).
  • The Employees Provident Fund Board received notice of the change on September 2, 2024, and the Listed Issuer received the notice on September 2, 2024.

Statistics:

  • 287,700 units were disposed of by CITIGROUP NOMINEES (TEMPATAN) SDN BHD in Pavilion Real Estate Investment Trust.
  • The number of units remaining under the Employees Provident Fund Board's direct interest in Pavilion Real Estate Investment Trust is 449,107,903.
  • The Fund's direct interest percentage decreased from 12.275% to 12.268%.
  • The date of the transaction was August 28, 2024.
  • The date of notice received by the Listed Issuer was September 2, 2024.

Sources:

  • Bursa Malaysia Stock Exchange - Substantial Shareholder's Notice - Employees Provident Fund Board (2024)