KLCC Property to buy rest of Suria KLCC stake for RM1.95b
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.
The disposal was arrived at a willing buyer-willing seller basis and will generate surplus cash of approximately RM80.
Notably, BLand shares touched a three-year high, surging as much as 9.
In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
According to Kumpulan Jetson, the proposed SCR is to enhance the group’s credibility with bankers, customers, suppliers and investors due to an improved financial standing, as well as facilitate the declaration of dividends in the event the company has retained earnings in the future.
“The disposal will result in a one-off net gain of approximately RM31.
MIDF Research said from a medium-term perspective, policy rate normalisation is needed to avert risks that could destabilise the future economic outlook such as persistently high inflation and a further rise in household indebtedness.
Maju Offshore Capital offloaded the stake comprising 100 million shares via a direct business transaction on Monday, according to a bourse filing on Wednesday.
DONE DEAL: Terrace house, Subang Jaya, Selangor DONE DEAL: Semidee, Bayu Segar, Kuala Lumpur Kampung Sungai Kayu Ara is a cozy hamlet near the heart of Petaling Jaya, with an even mix of residential and commercial developments.