Axis will make a net gain (after real property gains tax) of RM764,000 from the sale to freight services firm Freight Management Sdn Bhd.
It told Bursa Malaysia yesterday that the amount would be distributed to its unitholders this year at 20 sen a unit and also be used to reduce its gearing.
It was the right time to dispose of the property as it offered limited upside for future rental growth, Axis added.
By Business Times
