KUALA LUMPUR, Nov 13 — MRCB Quill Management Sdn Bhd (MQM), being the manager of MRCB-Quill REIT (MQREIT) has disposed a five-storey office building, the Quill Building 5 for RM45 million to Deriv Services Sdn Bhd (DSSB).
DSSB was incorporated in Malaysia on April 23, 2004 as a private limited company and is the operational headquarters of the Deriv Ltd group of companies, MQREIT said in a filing with Bursa Malaysia, yesterday.
MQREIT said the proposed disposal was in line with its objective to regularly evaluate and rejuvenate its property portfolio.
“MQM opines that it has optimised the potential of the property and given the favourable disposal price for the sale of this asset, it is an opportune time to dispose of this asset,” it said.
It said the proceeds from the disposal may be utilised, amongst others, to repay existing borrowings and redeploy the capital for asset enhancement initiatives and investments in other assets.
— Bernama
