CapitaMalls Malaysia Trust (CMMT) via its trustee AmTrustee will acquire the East Coast Mall in Kuantan for $102 million from Astral Realty, Malaysia Star reports. The firm plans to fund the acquisition through a mix of debt and equity.

The move comes after the proposed placement of 298.971 million new CMMT units, or 20% of the existing units. The mall is currently around 97% occupied, adds TODAYonline.

Click here for the story from Malaysia Star.

Click here for additional coverage from TODAYonline.