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The latest announcement is out from Parkway Life Real Estate Investment ( (SG:C2PU) ).
Parkway Life REIT has announced the divestment of its strata units and lots at MOB Specialist Clinics in Kuala Lumpur, Malaysia, for RM20.09 million, which is approximately 25.6% higher than its original purchase price. This divestment aligns with Parkway Life REIT’s strategic asset recycling strategy, allowing the company to exit the Malaysian market as the property was its sole investment in the country, contributing only 0.2% to its asset value.
More about Parkway Life Real Estate Investment
Parkway Life Real Estate Investment Trust (REIT) is a Singapore-based company that operates in the real estate investment industry. The company primarily focuses on investing in income-producing real estate and real estate-related assets in the Asia-Pacific region, particularly in the healthcare sector.
YTD Price Performance: 22.65%
Average Trading Volume: 3,636
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.08B
See more insights into C2PU stock on TipRanks’ Stock Analysis page.