Ekovest, IWCity shares tumble following takeover bid
The plunge wipes away about RM548 million from their market capitalisations.
The plunge wipes away about RM548 million from their market capitalisations.
Under the deal, Benalec expects to realise a net gain of RM24.7 million.
The move is for property development purposes.
Thanks to higher sales in its development project "Upper East" in Ipoh.
It is looking to form strategic partnerships with main contractors to improve margins.
‘Removal of withholding tax will draw more investments in REITS’
Datuk Seri Tajuddin Atan said the index will give investors better access and clearer view of Malaysian REITs' performance.
“At best, Felda overpaid the property by £18 million or RM108 million. At worst, Felda overpaid £30 million or RM180 million,” said Rafizi.
The RM130 million contract awarded to AWC Bhd by the federal government to maintain the Integrated Transport Terminal in Bandar Tasik Selatan has been terminated.
AmProp plans to raise up to RM597.2 million by issuing renounceable rights of new Class B redeemable convertible preference shares to shareholders.