Aspen to secure RM44m via convertible loan

KUALA LUMPUR (May 22): Aspen Group Holdings Ltd is planning to raise RM44 million via a convertible loan agreement to finance its investments in associate company Global Vision Logistics Sdn Bhd in Shah Alam, the construction of the central park located in Aspen Vision City, investment in associate company Bandar Cassia Properties (SC) Sdn Bhd, its other development projects and for working capital.

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WZ Satu slashes PR1MA construction company price tag to RM7m

KUALA LUMPUR (May 21): WZ Satu Bhd announced that the price to purchase the entire equity interest in Cekap Semenanjung Sdn Bhd, which -- via Sinergy Dayang Sdn Bhd -- has a contract to build a mixed development property project in Pahang, has been reduced to a cash sum of RM7 million, from RM30 million previously.

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