IGB shareholders say yes to takeover by Goldis
286 shareholders holding 176.56 million shares voted in favour of Goldis’ bid, while 148 shareholders owning 1.17 million shares voted against it.
286 shareholders holding 176.56 million shares voted in favour of Goldis’ bid, while 148 shareholders owning 1.17 million shares voted against it.
The diversification is not a prelude to an RTO by Consortium Zenith, says chairman.
“We are not sure if it would affect projects with our joint-venture partners."
The review is also pertinent as the group does not have any sukuk programme that would seem to retain its investment-grade rating, said group chief financial officer Datuk Tong Poh Keow.
The rights issue and renounceable rights issue of the RCPS-i B are expected to raise RM1.2 billion per exercise, or RM2.4 billion in all.
Amcorp Properties Bhd saw net profit grow nearly 15 times to RM26.11 million in 2QFY18.
Zecon said it will wait for about a year before replenishing its order book so as not to stretch its financials.
Kuching-based group sees property development as its next engine of growth particularly with the kick-off of its RM11 billion gross development value Kota Petra project on a 2,000-acre land soon.
Its manager would continue to strengthen its performance by improving customers’ and shoppers’ experience in Mid Valley Megamall and The Gardens Mall.
According to the alignment, 159.4km of rail line would run at grade (above ground), 153.4km would be elevated while 14.9km would traverse underground.