Censof Holdings Berhad accepts a Letter of Intent from Pelaburan Hartanah Berhad in relation to the proposed development of Unit rust Management System for PHB at a proposed project price amounting to RM5.9 million.
PHB is a real estate investment holding company, a wholly owned operating subsidiary of Yayasan Amanah Hartanah Bumiputera. It was established with the aim to boost Bumiputera ownership of prime commercial real estate assets in Malaysia. Its key delivery vehicle is Amanah Hartanah Bumiputera, a shariah-compliant unit trust fund. PHB’s core business is to strategically acquire and develop properties at prime locations in Malaysia and to share the benefits of ownership therefrom via the issuance of trust units to the Bumiputera community through Amanah Hartanah Bumiputera
