KLCCP (5089) Stabled REITS gave out RM150 voucher for shareholders who attended their virtual AGM. KLCCP stabled REITS is a hybrid stock consisting of REIT and corporate company KLCC Properties.
Petronas Twin Towers, Menara ExxonMobil and Menara 3 Petronas are part of the REIT component while Suria KLCC and Mandarin Oriental Hotel are part of the corporate company part.
Two different tax structures will apply to two different groups of properties — income from properties held within the REIT (Petronas Twin Towers, Menara ExxonMobil and Menara 3 Petronas) will be subjected to a much lower tax of 15% while those held under KLCCP will need to pay normal corporate tax rates.
I utilized the voucher to buy a passport holder/wallet from Mandarin Oriental Shop located within Mandarin Oriental hotel itself. I still had to top up RM37 as the price of the passport holder/wallet was more than RM150.
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