SUNREIT SUBSCRIBES TO RM60M COMMERCIAL PAPERS
PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) has subscribed to one-month commercial papers with a nominal value of RM60 million issued by its major shareholder Sunway Bhd. SunREIT said in a filing with the stock exchange that investment in money market instruments that offers the most competitive discount rate is in line with its active capital management strategy. The papers offer a discount rate of 3.8% per annum. SunREIT shares fell two sen to close at RM1.72 yesterday, with some 1.49 million shares changing hands.