SUNREIT SUB­SCRIBES TO RM60M COM­MER­CIAL PA­PERS

The Sun (Malaysia) - - SUNBIZ -

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.

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