The research house reiterated its conviction that cement demand will continue to flourish in the medium-to-long term, propelled by the commencement of major infrastructure projects in Malaysia.
The property development and construction firm said the private placement exercise entails the issuance of up to 810.
Nearly all of the proceeds, RM12.
In a bourse filing on Wednesday, the construction outfit said the exercise will involve the issuance of up to 94.
CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.
In the latest private placement exercise, the large bulk of the proceeds raised (RM9.
Sentral REIT said the acquisition of the building from MRCB’s wholly-owned subsidiary Puncak Wangi Sdn Bhd, will be satisfied with cash raised through a combination of equity and debt funding exercises.
The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.
CIDB’s Ahmad Asri said that the growing global population also demands consideration of how buildings are constructed, the materials used to create them, and the expected efficiency of the finished buildings.
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