EPF made RM46mil profit

KUALA LUMPUR: The Employees Provident Fund raked in a profit of RM46mil through the sale of six retail assets in the Klang Valley and Johor, the Dewan Rakyat was told.

Deputy Finance Minister Datuk Seri Ahmad Maslan said assets sold in the Klang Valley were grocery retail outlet buildings in Bandar Kinrara, Putra Heights, USJ, Klang and Ulu Klang.“The assets were sold to Sunway Real Estate Investment Trust , of which EPF has a 15.24% ownership. This means the assets are not completely lost.

“There are also plans to sell an asset in Kelana Jaya to a government-linked corporation,” he said in response to Datuk Ahmad Amzad Mohamed during Parliament Question Time yesterday.He said EPF also has property investments both domestically and internationally. “Domestically, it has assets worth about RM11bil comprising EPF buildings at the headquarters and all states.“One of the biggest property investments would be the Battersea Power Station,” he said in response to a supplementary question by Jimmy Puah Wee Tse on EPF’s domestic investments.Three Vietnamese women among four killed in car-lorry crash on NSE

Source: News Formal (newsformal.com)

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