Axteria proposes yet another private placement to fund property development
In the latest private placement exercise, the large bulk of the proceeds raised (RM9.
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.
JAKS said it has entered into a call option agreement with Kenanga Investment Bank Bhd for up to 209.
“Further testing of the melting points of the construction builders’ sustainability is strongly not encouraged in both the short-term and long[-term] future.
Tropicana said barring any unforeseen circumstances, the proposed private placement is expected to be completed by the second quarter of 2023.
Yeoh said as Malaysia recovers from the Covid-19 pandemic, the group is encouraged by the revival of major infrastructure projects, which bodes well for the industry.
The property developer will now place up to 181 million new shares at a lower illustrative price of 36 sen per share to raise RM65.