SunCity names advisers for listing


PETALING JAYA: Sunway City Bhd has appointed RHB Investment Bank and Credit Suisse (S) Ltd as financial advisers for the proposed listing of its real estate investment trust (REIT).

In a filing with Bursa Malaysia, the company said it had earlier considered a proposal for the REIT but was kept in abeyance due to an unfavourable market in 2008.

“In view of the improved economic conditions in 2010, the board has decided to proceed with the proposed listing,” the statement said.

– Malaysia Property News dot net

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