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Real estate industry

Employees Provident Fund Board Disposes of 1,052,900 Units in Pavilion Real Estate Investment Trust

Strategic Insights

— 1 min read

The Employees Provident Fund Board has disposed of 1,052,900 units in Pavilion Real Estate Investment Trust through its nominee, Citigroup Nominees (Tempatan) Sdn Bhd. This disposal has resulted in a decrease in the Fund Board's direct interest in the trust from 446,032,823 units to 446,032,823 units, which accounts for 12.184% of the total trust units. The disposal is attributed to the Circumstances by reason of which change has occurred, which is the Disposal of 1,052,900 units.

Key Takeaways:

  • The Employees Provident Fund Board has disposed of 1,052,900 units in Pavilion Real Estate Investment Trust through its nominee, Citigroup Nominees (Tempatan) Sdn Bhd.
  • The disposal has resulted in a decrease in the Fund Board's direct interest in the trust from 446,032,823 units to 446,032,823 units.
  • The Fund Board's direct interest in the trust accounts for 12.184% of the total trust units.
  • The disposal is attributed to the Disposal of 1,052,900 units.
  • The registration of the units in the names of different nominees is noted, including 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).

Statistics:

  • 1,052,900 units were disposed of by the Employees Provident Fund Board through its nominee, Citigroup Nominees (Tempatan) Sdn Bhd.
  • The Fund Board's direct interest in the trust decreased from 446,032,823 units to 446,032,823 units due to the disposal.
  • The Fund Board's direct interest in the trust accounts for 12.184% of the total trust units.
  • The disposal was attributed to the Disposal of 1,052,900 units.
  • 1,053,281,575 units are registered in the names of different nominees.

Sources:

  • Employees Provident Fund Board, "Changes in Sub. S-hldr's Int (Section 138 of CA 2016) PAVILION REAL ESTATE INVESTMENT TRUST" (available at

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