<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 24): Property developer Malton Bhd, whose executive chairman Tan Sri Desmond Lim Siew Choon holds a 43.33% stake in the company, said on Friday that it is in talks to sell Pavilion Bukit Jalil Mall here to Pavilion Real Estate Investment Trust (REIT).</p></div>

<div class=newsTextDataWrapInner><p>Pavilion Bukit Jalil Mall is located within the 50-acre Bukit Jalil City, a development under Malton.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, Malton said MTrustee Bhd, acting as the trustee of Pavilion REIT, has accepted an invitation from its subsidiary Regal Path Sdn Bhd to commence discussion for the potential sale of the mall.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The mall, which has approximately 1.8 million sq ft in retail space, opened its door to shoppers on Dec 3, 2021,” Malton said, adding that further announcements on the matter will be made in due course.</p></div>

<div class=newsTextDataWrapInner><p>Lim is also the chairman and non-independent executive director of Pavilion REIT Management Sdn Bhd, the manager of Pavilion REIT. Currently, the trust's portfolio comprises Pavilion Kuala Lumpur Mall, Intermark Mall, Da Men Mall, Elite Pavilion Mall and Pavilion Tower.</p></div>

<div class=newsTextDataWrapInner><p>Malton shares closed one sen or 2% lower at 49 sen, valuing it at RM258.79 million. Meanwhile, Pavilion REIT units were unchanged at RM1.27, with a market capitalisation of RM3.87 billion.&nbsp;<br />
&nbsp;</p></div>


Property developer Malton Bhd, whose executive chairman Tan Sri Desmond Lim Siew Choon holds a 43.33% stake in the company, said on Friday that it is in talks to sell Pavilion Bukit Jalil Mall here to Pavilion Real Estate Investment Trust (REIT).

Malton in talks to sell Pavilion Bukit Jalil Mall to Pavilion REIT

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

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Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

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Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

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China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

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South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

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An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

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China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

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Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

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<p>An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.</p>


<p>Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.</p>


<p>Johor Bahru’s property market has been on an upward trend owing to spillover effects from positive initiatives and announcements over the past few quarters, says Olive Tree Property Consultants Sdn Bhd CEO Samuel Tan when presenting <em>The Edge Malaysia</em> | Olive Tree Property Consultants Joh...

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<p>Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.</p>


<p>China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.</p>


<p>Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.</p>


<p>The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.</p>


<p>Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.</p>
