I-Bhd to raise RM100m from preference share issue
The proposal calls for the issuance of up to 100 million redeemable preference shares to Sumurwang Sdn Bhd at RM1 apiece, according to an exchange filing.
The proposal calls for the issuance of up to 100 million redeemable preference shares to Sumurwang Sdn Bhd at RM1 apiece, according to an exchange filing.
This collaboration paves the way for I-Bhd to launch its latest five-dimensional edutainment facility with the latest immersive technology in i-City by December.
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
The total gross development value of i-City Financial Avenue is RM1.
KUALA LUMPUR (Jan 26): I-Bhd has struck a partnership with China Mobile International (Malaysia) Sdn Bhd (CMIM) to further enhance i-City, by building the first smart green building in the country.
PETALING JAYA (Nov 11): I-Bhd is set to welcome Malayan Banking Bhd (Maybank) to its flagship development, ultrapolis, i-City Malaysia.
KUALA LUMPUR (Feb 26): Property developer I-Bhd saw its net profit for the fourth quarter ended Dec 31, 2020 (4QFY20) contract 19.
KUALA LUMPUR (Aug 29): I-Bhd's net profit fell 51% to RM10.
KUALA LUMPUR (July 11): Shares in property developer I-Bhd dipped 1.