News about capital

After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.

When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.

HCK Capital is controlled by its executive chairman Tan Sri Clement Hii Chii Kok @ Hii Chee Kok with 55.

The move is expected to eliminate the company’s RM29.

The real estate investment trust (REIT) announced a distribution of 1.

“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.

The Penang-based insulation products manufacturer, through its indirect joint venture (JV) company Nexel Development KHTP Sdn Bhd, is purchasing the land from Kulim Technology Park Corporation Sdn Bhd (KTPC) for RM12.

This acquisition brings CLMT’s portfolio to 11 properties, increasing the proportion of logistics and industrial assets to 6% from 3% of its total portfolio under management.

According to CapitaLand Malaysia Trust, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate.

For the 9MFY2024, the REIT’s NPI rose 24% to RM191.