Eastern & Oriental Bhd (E&O)’s high borrowings is of minimal concern to the property developer, as the group sees its latest fundraising proposal and cash generated from sales supporting its next stage of growth.
The group has proposed to develop “Aetas Seputeh”, a residential development comprising two 38-storey blocks housing 126 units of luxury apartments.
ACE Market-listed Nexgram Holdings Bhd’s unit has terminated a deal with Melaka Corporation (MCorp) pertaining to the acquisition of a 10.031-hectare piece of land in the state for RM61.53 million cash.
The new deadline for the piling and engineering group to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities has been extended to June 29, 2023.
Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.
“Tan stays on as adviser following his resignation as group CEO to provide guidance to support the continued growth of Signature International.”
... after the pair mutually agreed that AZSB would settle an RM11.05 million outstanding sum by way of 11 monthly instalments.
Automotive, rail and industrial part maker Kumpulan Jetson Bhd has proposed to dispose of a 1.62-hectare industrial land in Gombak, with a factory complex built on it, for RM35 million.
Axis Real Estate Investment Trust (Axis REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.71% to RM61.96 million from RM54.98 million a year ago, on the back of income from new acquisitions, new tenancies from existing properties, and positive rental revisions.
IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.
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