Forever Backup Sdn Bhd entered into an agreement to acquire Menara AmFIRST from AmFirst Real Estate Investment Trust (KLSE:AMFIRST) for MYR 62 million on July 1, 2022. The consideration will be paid in cash. Maybank Trustees Berhad, trustee of the property acted on behalf of AmFirst.

The Proposed Disposal has been approved by the Trustee on 14 April 2022. The Proposed Disposal is expected to be completed by third quarter of 2022. Rahim & Co International Sdn Bhd appraised the valuation of the property on March 28, 2022.