AZRB plans 10% private placement to raise RM12.7m for working capital
Nearly all of the proceeds, RM12.
Nearly all of the proceeds, RM12.
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.
As of end-March, he said the ministry had identified a total of 657 problematic housing projects, of which 435 were categorised as “sick” projects, 112 were abandoned projects, and 110 were delayed projects.
“Government assistance is usually given when the price of houses supplied by the private market sector fails to meet the needs of the poor.
A “sick” project is one that has been delayed by more than 30% compared to its scheduled progress, or one whose sales and purchase agreement (SPA) has lapsed, according to the National Housing Department.
JAKS said it has entered into a call option agreement with Kenanga Investment Bank Bhd for up to 209.
Tropicana said barring any unforeseen circumstances, the proposed private placement is expected to be completed by the second quarter of 2023.
The property developer will now place up to 181 million new shares at a lower illustrative price of 36 sen per share to raise RM65.