Wednesday 11 May 2016

Prasarana eyes potential REIT spin-off

Prasarana Malaysia Bhd is looking at spinning off some of its assets into real estate investment trust (REIT) and pares down its debt. Prasarana currently owns and operates two light rail transit (LRT) lines – Kelana Jaya and Ampang, the KL Monorail line, as well as the Rapid KL bus services including Bus Rapid Transit-Sunway Line, Rapid Penang and Rapid Kuantan.

(The edge property, 01/04/2016)

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