The scheme will also place the real estate development business of the group under private ownership to be fully held by CLA through the proposed privatisation of CapitaLand on completion of the scheme.
“We are pleased to announce that we have officially moved to the Mainboard after trading on the Catalist Board for the last 3.5 years.”
Trading of the company’s shares will commence at 9am on the same day.
The land measures about 6,740.76 sqm (or 72,557 sqft) and was purchased to support the expansion of the group’s operations, as well as the expansion of of production capacity for cleanroom gloves.
_0_0_0.jpg)
Under the agreement, LOGOS will subscribe for 3.75 million shares in GVL at an issue price of RM79.11 per subscription share, which is equivalent to 60% of the issued and paid-up capital of GVL following the subscription.
Ong told Parliament on Jan 4 that the proposal to do so was a “fundamental departure” from the original agreement.
The group says the profit came due to operating revenue generated during the quarter, despite the negative impact of the Covid-19 pandemic
The only property app you need. More than 200,000
sale/rent listings and daily property news.
EdgeProp.my is Malaysia's most useful property website for home buyers and investors. At EdgeProp.my, you can find daily breaking news on property, and hundreds of thousands of properties for sale and rent with detailed information such as past transacted prices, maps and photos. We offer a full collection of the most popular property types in the market - condominiums and apartments, landed properties, residential land and commercial properties.
Whether you are looking to buy or rent properties, we have the most comprehensive property listings in Malaysia.
Interested in new property launches in Malaysia. Check out our featured new launches by the top property developers in Malaysia.
© Copyright 2021 | EdgeProp.my
