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NewsHot Stock KLCC REIT rises 4% in maiden trade
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Hot Stock KLCC REIT rises 4% in maiden trade
by hlk Thu 09 May 2013, 10:51
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 09 May 2013 09:45
A + / A - / Reset
KUALA LUMPUR (May 9): KLCC Real Estate Investment Trust (KLCC
REIT) rose as much as 4% on the maiden trading day of the group's
stapled securities.
At 9.37am, KLCC REIT was traded at RM7.55 with some 117,000
shares done after rising as much as 31 sen to RM7.56 earlier. The
stock was the second-largest gainer across the exchange.
KLCC PROPERTY HOLDINGS BHD [] (KLCCP) had in November last
year announced its plan to inject the Petronas Twin Towers, Menara
ExxonMobil and Menara 3 Petronas with a combined value of RM8.76
billion under KLCC REIT.
Shareholders of KLCPP in return received stapled securities comprising
KLCCP shares and KLCC REIT units.
The stapled securities are traded as a single entity on the exchange. Accordingly, the listing status of KLCCP shares was
removed.
Written by Chong Jin Hun of theedgemalaysia.com
Thursday, 09 May 2013 09:45
A + / A - / Reset
KUALA LUMPUR (May 9): KLCC Real Estate Investment Trust (KLCC
REIT) rose as much as 4% on the maiden trading day of the group's
stapled securities.
At 9.37am, KLCC REIT was traded at RM7.55 with some 117,000
shares done after rising as much as 31 sen to RM7.56 earlier. The
stock was the second-largest gainer across the exchange.
KLCC PROPERTY HOLDINGS BHD [] (KLCCP) had in November last
year announced its plan to inject the Petronas Twin Towers, Menara
ExxonMobil and Menara 3 Petronas with a combined value of RM8.76
billion under KLCC REIT.
Shareholders of KLCPP in return received stapled securities comprising
KLCCP shares and KLCC REIT units.
The stapled securities are traded as a single entity on the exchange. Accordingly, the listing status of KLCCP shares was
removed.
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