<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 6): Property tycoon Tan Sri Desmond Lim Siew Choon and his wife, Puan Sri Tan Kewi Yong, have transferred all of their units in Pavilion Real Estate Investment Trust’s (KL:<a href="/askedge/klse/5212" class="ce-stock" target="_blank">PAVREIT</a>) into a vehicle.</p></div>

<div class=newsTextDataWrapInner><p>Lim transferred his 845.425 million units, or 21.523% of the REIT’s total units, and Tan transferred her 281.875 million, or 7.176%, to Khuan Choo Assets Sdn Bhd via direct business transactions, according to bourse filings on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>The pair’s unitholdings have been consolidated to 1.127 billion units or 28.699% under Khuan Choo Assets, in which they are deemed to have interests.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The vehicle is now the single-largest unitholder of Pavilion REIT, ahead of the Qatar Investment Authority’s Qatar Holdings LLC with 21.52%.</p></div>

<div class=newsTextDataWrapInner><p>The other major unitholder of Pavilion REIT is the Employees Provident Fund with 12.277% of units.</p></div>

<div class=newsTextDataWrapInner><p>Lim and Tan are also major shareholders of property developer Malton Bhd (KL:<a href="/askedge/klse/6181" class="ce-stock" target="_blank">MALTON</a>) via a 33.64% stake held under vehicle Malton Corp Sdn Bhd. Lim also holds a direct 3.95% stake in Malton.</p></div>

<div class=newsTextDataWrapInner><p>Units of Pavilion REIT closed one sen or 0.6% higher at RM1.69, valuing the property trust at RM6.64 billion.</p></div>


Property tycoon Tan Sri Desmond Lim Siew Choon and his wife, Puan Sri Tan Kewi Yong, have transferred all of their units in Pavilion Real Estate Investment Trust’s (KL:PAVREIT) into a vehicle.

Lim transferred his 845.425 million units, or 21.523% of the REIT’s total units, and Tan transferred her 281.875 million, or 7.176%, to Khuan Choo Assets Sdn Bhd via direct business transactions, according to bourse filings on Thursday.

Desmond Lim and wife transfer all their units in Pavilion REIT to vehicle

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