Sunway – BT

Sunway REIT up on Putra Place bid win

Sunway Real Estate Investment Trust rose to a seven-week high after winning the bid to buy Putra Place, a Malaysian shopping mall, hotel and office development in Kuala Lumpur, for RM513.9 million.

The stock climbed 1.9 per cent to RM1.08 at 9:32 a.m. in Kuala Lumpur trading, on course for its highest level since Feb. 10. — Bloomberg