TheEdgeDaily - March 20, 2006
Bursa Malaysia is considering the sale and leaseback of it's headquarters building, home of the Kuala Lumpur Stock Exchange. Bursa Malaysia is considering a return of capital to shareholders late this year, its chief executive Yusli Mohamed Yusoff said on March 20.
The Bursa's striking headquarters, built in salmon-pink stone and featuring a large courtyard fountain, is potentially up for sale and could be leased back to the exchange, Yusli said. "This is the major property that we have on our balance sheet and we are looking at the possibility of a sale and lease-back. We are still studying it and it needs to make sense for us financially. If the numbers are marginal, we may not do it."
Bursa's 2004 annual report put the total net value of lands and buildings at almost RM300 million ($81 million.)
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Monday, March 20, 2006
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