News by theedgemarkets.com

Property developer Tanco Holdings Bhd has proposed to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).

NCT Alliance Bhd has increased the size of its private placement to 15% of total issued shares from 10% proposed less than one month ago, to raise a higher sum of up to RM65.16 million, from up to RM48.37 million previously.

Top Builders, formerly known as Ikhmas Jaya Group Bhd, said it is currently working with auditors to revise the timeline for completing its audited financial statements before the Oct 31 deadline.

MainStreet Advisers said based on the revalued net asset value approach, the offer price per share represents a discount of RM14.92 or 86.64% of each Mulpha share.

The earthwork package of Langkasuka Village is worth RM40 million and it is targeted for completion by August 2023.

EPF holds a 5.51% stake or 224.55 million shares in S P Setia as at Oct 6, 2022. 

"Entering its 19th year of operations, BTS mall had an occupancy rate of 86% as at June 30, 2022."

Seni Jaya said its wholly owned subsidiary Seni Jaya Sdn Bhd has entered into five sale and purchase agreements (SPAs) with UOB Equity Sdn Bhd for the properties.

Keck Seng said the development is expected to be completed within three years, with all costs and expenses to be borne by Pasir Gudang City Council.

The recovery of the hospitality sector in the UK, arising from the relaxation of lockdowns and the reopening of borders for international travel, presents an opportune time for Atlan to enter the hospitality sector in the UK.