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For S P Setia, the developer expects to free up RM278 million of cash and a gain on disposal of RM31 million.

DONE DEAL: Factory, Petaling Jaya, Selangor DONE DEAL: Commercial land, Persiaran Titiwangsa, Kuala Lumpur Located in the enclave of Damansara Heights or Bukit Damansara, Kuala Lumpur the property is surrounded by numerous conveniences and amenities.

KUALA LUMPUR (June 20): UEM Sunrise Bhd is set to unveil its highly anticipated transit-oriented development (TOD) project, The Connaught One, in Taman Connaught, Cheras on Saturday, June 24.

“This came as not something bad actually.

The enlarged issued share capital of approximately one billion shares will translate to a market capitalisation of approximately RM800 million.

“The proposed disposals are undertaken for the purpose of reducing the cost associated with maintaining the loss-making subsidiary, ie Signature Facade and thereby improving the balance sheet of Signature Group.

At present, he is also a non-independent non-executive director of Boustead Heavy Industries Bhd, as well as chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.

CGS-CIMB said that once earnings delivery picks up for its maiden Australia project Sydney Metro West which is 20-25% complete, that should instill more investor confidence in Gamuda’s ability to execute projects in Australia.

"Khazanah Nasional Bhd was never involved in the process.

“With inflation pressures easing and uncertain stock markets, we are now able to see winners and losers in a context where multiple crises overlap.