Malayan Cement to raise RM227m via private placement to repay debts and fund working capital
KUALA LUMPUR (April 16): Malayan Cement Bhd plans to raise RM226.
MyTOWN renews contracts with over 80% of tenants
KUALA LUMPUR (Feb 16): Leveraging its strong partnership network, MyTOWN Shopping Centre (pictured) has renewed over 80% of the tenants and utilising the 2020 first term expiries to make key changes to its pool of tenants in order to further align consumer priorities and preferences to relevant offers of its core customer segment.
Nazir Razak investing in durian planter via private share placement
KUALA LUMPUR (Jan 22): PLS Plantations Bhd has proposed to place out 19 million new shares in the durian planter to CIMB Group Holdings Bhd ex-chairman Datuk Seri Nazir Razak (pictured) at 95 sen each under a private placement of up to 10% of the total number of issued shares in the company to improve its public shareholding spread and raise money to finance the expansion of its existing business.
UOA Development subsidiary subscribes for new UOA REIT units worth RM53m
KUALA LUMPUR (Dec 23): Dynasty Portfolio Sdn Bhd — an indirect subsidiary of UOA Development Bhd — has subscribed for new units under UOA Real Estate Investment Trust’s (UOA REIT) private placement for RM52.
Encorp plans private placement to fund expansion activities and working capital
KUALA LUMPUR (Sept 24): Encorp Bhd plans to raise RM5.
AmInvestment upgrades building material sector to Neutral
KUALA LUMPUR (July 13): AmInvestment Bank Research has upgraded the building material sector to “Neutral” (from Underweight) and said it sees a mixed picture for the sector.
Haidilao founder announces 10-year retirement plan
PETALING JAYA (April 29): Chinese hotpot chain Haidilao founder and chairman Zhang Yong announced on Monday his retirement and succession plans, Chinese media reported.
Crowded Sea Park market ordered to be closed by council
PETALING JAYA: Failure of the privately-owned Sea Park wet market management to control the crowd and ensure social distancing has forced the Petaling Jaya City Council to order a closure, the Star reported today.
C&CA lauds MITI’s quick decision for cement plant ops to resume
KUALA LUMPUR (April 24): The Cement & Concrete Association of Malaysia (C&CA) has lauded the government’s decision to allow cement plants to resume operations, saying the industry has been suffering massive losses for the last two years with the Covid-19 pandemic exacerbating the situation.
Tiger Synergy announces new cash calls after aborting earlier exercise
KUALA LUMPUR (April 16): Tiger Synergy Bhd yesterday proposed a rights issue with warrants, as well as a private placement, to raise up to RM102.
