Sentoria proposes share consolidation, bonds issue to raise up to RM150 mil
The proposed share consolidation is expected to be completed by the second quarter of 2024.
The proposed share consolidation is expected to be completed by the second quarter of 2024.
The disposal is expected to generate an estimated net gain of RM600,000.
The group’s 75%-owned subsidiary Sentoria Langkawi Sdn Bhd (SLSB) had signed two agreements with LADA in 2014 to lease 70 acres of land in Padang Mat Sirat for a lease premium consideration of RM30.
KUALA LUMPUR (Jan 9): Sentoria Group Bhd is selling two parcels of land measuring 747,069 sq m collectively in Kedah for RM27.
KUALA LUMPUR (Nov 8): Property developer and resort operator Sentoria Group Bhd plans to give up ownership of part of a plot of land for its Langkawi Geopark Resort City project to bring in a strategic investor for the resort development.
KUALA LUMPUR (Oct 4): Sentoria Group Bhd, property developer and operator of Bukit Gambang Resort City in Pahang, has proposed to raise up to RM16.
KUALA LUMPUR (Aug 30): Property developer Sentoria Group Bhd has accepted two letters of awards worth a combined RM124.
KUALA LUMPUR (July 11): Sentoria Group Bhd has bought 150 acres of land in Morib, Kuala Langat in Selangor for RM20.
KUALA LUMPUR (May 24): Sentoria Group Bhd's wholly-owned subsidiary Sentoria Bina Sdn Bhd will take on a construction project involving 506 units of single-storey semi-detached houses in Pahang worth RM60.
KUALA LUMPUR (Jan 18): TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.