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PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion-REIT), which is proposing to acquire the Pavilion Bukit Jalil mall from Malton Bhd, reveals that the due diligence on the deal is in the “advanced stage.”

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In a filing with Bursa Malaysia, Pavilion-REIT said that discussions on the terms of the deal, which was first announced in December 2021, are still ongoing.

“Pavilion-REIT Management Sdn Bhd, the manager of Pavilion-REIT, wishes to provide an update that the due diligence exercise in connection with the potential acquisition of Pavilion Bukit Jalil is currently at an advance stage and discussions on the terms of the sale and purchase agreement are still on-going with Regal Path Sdn Bhd (a subsidiary of Malton Bhd).”