KUALA LUMPUR (Dec 23): UOA Real Estate Investment Trust (KL:UOAREIT) announced that its unitholders’ meeting, scheduled for Tuesday (Dec 23), was adjourned after unitholders duly passed a motion to adjourn. The meeting was intended to seek unitholder approval for the proposed acquisition of three UOA Business Park assets and the establishment of an income distribution reinvestment plan. Under the acquisition, UOA Development Bhd (KL:UOADEV) is transferring three properties in UOA Business Park near Subang Jaya to UOA REIT in a deal worth RM200 million. The deal is deemed a related-party deal involving interested directors of UOA Development and major shareholders Kong Chong Soon @ Chi Suim and Kong Pak Lim. The deal will be undertaken by Everise Project Sdn Bhd, a 60%-owned subsidiary of UOA Development, which signed the sales and purchase agreements with RHB Trustees Bhd, the trustee of UOA REIT.

Source: The Edge Markets December 23, 2025 07:22 UTC