ASIAMALLS SELLING SETAPAK CENTRAL MALL TO S'PORE COMPANY

A business daily reported that AsiaMalls had sold the SStwo Mall for about RM180mil to developer DK Group of Companies. The mall is owned by SStwo Mall Sdn Bhd, which, in turn, is wholly owned by AsiaMalls.

ASIAMALLS SELLING SETAPAK CENTRAL MALL TO S’PORE COMPANY

PETALING JAYA: There has been quite a bit of buying and selling of neighborhood malls in the past week and it would seem that the sale and purchase of a third mall are likely to be concluded soon.AsiaMalls Sdn Bhd, which has been in the news the past week, is said to have found a third buyer for one of the five malls in Malaysia.According to sources, it may be concluding the sale of Setapak Central Mall with global integrated real estate fund manager ARA Asset Management Ltd, based in Singapore.