News by M

Mercury Securities said the offer is unfair because the offer price represents a discount of 49.3% to 49.86%, or RM1.75 to RM1.79, from its estimated fair value range.

Bina Darulaman Bhd (BDB) has issued its maiden sukuk, RM50 million Sukuk Wakalah, the first tranche of the Kedah-based property and construction company's seven-year, RM100 million Sukuk Wakalah Programme.

Asian cities are the most expensive cities for expatriates, according Mercer’s 2017 Cost of Living Survey.

UOL says the deal will bring it closer to its aim of achieving statutory control in UIC in the future.

According to a Bloomberg report, subsidised junkets that once flew in prospective buyers to development sites in Johor have dwindled, while some buyers who have put down money for deposits are mulling cancelling their purchases.

Hua Yang Bhd emerged as Magna Prima’s largest shareholder in April after raising its stake in Magna Prima to 30.06% from 10.84%.

Malaysian Resources Corp Bhd (MRCB) said its major shareholders Employees Provident Fund (EPF) and Gapurna Sdn Bhd (GSB) will avoid triggering any mandatory general offer (MGO) while they apply for excess rights shares and warrants under the group’s cash call exercise.

For the acquisition, S P Setia is proposing a cash call plus private placement to raise the required funding.

TNB gives a few safety tips for homeowners who would be away from home this festive season.

The Edge Property has garnered US$4 million (RM17.16 million) funding from various prominent investors.