Tuesday, April 20, 2010YTL acquires more shares in REIT firm PETALING JAYA: YTL Corp Bhd is acquiring the remaining shares in YTL Pacific Star REIT Management Holdings Pte Ltd for S$40mil from Pacific Star REIT Management Holdings Ltd.
The company told Bursa Malaysia yesterday that the acquisition would involve 1.5 million ordinary shares and two class C redeemable preference shares.
It said the acquisition would be completed in two tranches – 750,000 ordinary shares and one class C redeemable preference share upon settlement of a sum of S$17.5mil.
The remaining stake will be transferred to YTL upon settlement of S$22.5mil on a date falling 24 months from the date of the agreement.
By The Star 
Fri May 04, 2012 4:59 pm by demin
Subject: YTL acquires more shares in REIT firm 
