US fund invests in Sunway REIT

PETALING JAYA: US-based fund manager Capital Income Builder has emerged as a new substantial shareholder in Sunway Real Estate Investment Trust (REIT).

According to filings with Bursa Malaysia, Capital Income Builder has recently acquired 174.95 million units in Sunway REIT, representing 6.5% direct interest in the latter. The transaction was done in the open market.

By The Star