date:May 28, 2013
t up a real estate investment trust (REIT) for its malls. We have no plans to set up a REIT. The (REIT) industry is still developing, albeit at a fast rate. We will monitor and see how it (the industry) progresses.
Chew said Aeon was in a good cash position and that the company did not need see a reason to set up a REIT. The company has RM454mil in cash as at end-December.
Separately, Chew said she was positive about the outlook for the local retail industry in the second quarter of this year,