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.
Playing no small role in helping E Trend Realty realise such an achievement is its SOS Precision Data System.
The group foresees the RE business potentially contributing 25% or more to the group's net profits and/or diverting 25% or more of the group's net assets in the future.
It features 200 rooms and 17 villas and facilities, such as a 24-hour fully-equipped fitness centre and a yoga deck, swimming pools, jacuzzi, The Qi Forest Spa & Wellness, a 551 sq m grand ballroom with a built-in LED screen, and three restaurants called Dapur, Sekoci, and Greatroom Bar and Lounge.
Kelington chief executive officer Raymond Gan said the parcel of land’s convenient proximity to the group’s LCO2 manufacturing plant will streamline operations in the future.
This is because local operators enjoying benefits rent out the land instead to foreigners to cultivate crops, said Datuk Seri Dr Ahmad Zahid Hamidi, who is also the rural and regional development minister.
The concession includes the development of power transmission and interconnection facilities valued at RM600 million, which is expected to be commissioned in stages by mid-2026.
Kuala Lumpur has also secured the sixth spot in the list of most visited cities, with a total of 13.
The sustainability sukuk is priced at a yield of 5% with a periodic distribution of 5% per annum.
In addressing concerns regarding property owners’ interests, KPKT has outlined some points to be adhered to in the process of urban renewal.