JAKS to raise RM69m via placement
RM20 million for working capital of its 51%-owned Evolve Concept Mall in Petaling Jaya.
RM20 million for working capital of its 51%-owned Evolve Concept Mall in Petaling Jaya.
IOI Prop said the termination is due to the “non-fulfillment of certain conditions precedent”.
The company needs to raise funds mainly for capital expenditure.
Announcements will be made when details are finalised.
The group expects the construction sector to sustain its growth momentum.
For its full year of FY17, WCT's net profit jumped 126% to RM154.62 million.
"But we will start to see some upsides as the Pan Borneo Highway project gathers momentum..."
Rose as much as eight sen or 7% to RM1.25.
Founder Datuk Lee Choon Chin intends to take the company private.
The trust attributed the improved quarterly performance to higher occupancy rate, which grew to 85% in 2QFY18 from 82.3% in 1QFY18.