Aneka Jaringan plans another private placement to fund projects
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.
Net proceeds of RM50.
Note that the dividend will be paid to GLL EWI (HK) Ltd, a wholly owned subsidiary of GuocoLand Ltd.
Eco World International stated that the declaration of the first interim dividend follows the completion of the reduction of the issued share capital of the company pursuant to Section 117 of the Companies Act 2016 (Capital Reduction Exercise) which had been announced on Aug 3, 2023.
The mutual termination was due to the inability of SWS Capital Bhd's wholly-owned unit, SWS In Medics Sdn Bhd’s (SIMSB), to fulfill the conditions precedent to obtain a loan from the financier to acquire the properties.
Fitters said that the disposal between its indirect wholly-owned subsidiary — Rasa Anggun Development Sdn Bhd — and Aikbee had been terminated due to Aikbee’s failure to pay the balance purchase price on or before the extended completion date.
The latest announcement follows Top Builders' failure to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities for approval within the extended timeframe of June 29 this year.
Earnings per share rose to 1.
The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.