Public Mutual declares RM437m in distributions

TheStar

KUALA LUMPUR: Public Mutual has declared gross distributions totalling RM437mil for 10 of its funds for the financial period ending July 31, 2014.

Public Mutual, which is a unit of Public Bank, said on Thursday the gross distribution per unit for Public Growth Fund was 3.25 sen while for the Public Optimal Growth Fund and Public Far-East Property & Resorts Fund it was 2.5 sen per unit.

As for Public Australia Equity Fund, it was 2.0 sen per unit, Public Islamic Opportunities Fund (3.0 sen), Public Islamic Select Enterprises Fund (2.50 sen) and Public Bond Fund (5.50 sen).

Public Mutual said for the three funds -- Public Islamic Select Bond Fund, Public Islamic Income Fund and PBB MTN Fund 1 -- the gross distribution was 4.0 sen per unit for each of the fund.

Public Mutual has more than 90 unit trust funds under management and over three million account holders.

As at end-June 2014, the total net asset value of the funds managed by the company was RM64.20bil.

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.

TA’s unit to buy Trump Hotel for RM294 million

NST Press

KUALA LUMPUR: TA Global Bhd's unit, Maxfine International Ltd, is proposing to acquire the Trump International Hotel and Tower in Canada for RM293.71 million, cash.

In a filing to Bursa Malaysia, the company said the purchase consideration would be funded by external borrowings and internally-generated funds.

"The purposed acquisition is expected to bring synergy to the group and

further enhance its hospitality in major cities around the world," it said.

Baring unforeseen circumstances, the company said the acquisition process would be completed in June 2016. -- BERNAMA

Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.