IGB REIT sets up RM5 bil debt programme
Under the programme, the REIT can issue multiple series of notes, each with a minimum term of one year from its date of issue.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
Genting Malaysia said the deal will see Empire Resorts sell key non-casino properties—including the 332-room Resorts World Catskills (RWC) and the 99-room Alder Hotel, a 18-hole Monster golf course, the 2,500-seat RWC Epicenter, and restaurants—to a local development body, Sullivan County Resort Facilities Local Development Corporation (SCRFLDC), which will run them as public assets.
Bina Puri seeks Corporate Debt Restructuring Committee's help to mediate talks with lenders
The move is part of the company's effort to "restore itself to a solid financial position and effectively address its liabilities to ensure future sustainability" said Bina Puri, whose businesses include property development, highway concessions and power supply.
Bina Puri faces two winding-up petitions from IRB over alleged tax debt
Bina Puri Properties Sdn Bhd was served a petition in relation to unpaid taxes amounting to RM849,499, while Bina Puri Sdn Bhd (BPSB) received a separate petition over a larger tax sum of RM4.
Iskandar Waterfront City unveils regularisation plan to convert debt into equity, issue new shares
In a bourse filing, the property developer said it had entered into a conditional settlement agreement with Rampai Fokus Sdn Bhd (RFSB) — an indirect wholly-owned unit of its major shareholder, Iskandar Waterfront Holding Sdn Bhd — to convert the amount it owed to RFSB into IWCity shares.
AZRB subsidiary served with winding-up petition for allegedly failing to pay debt
AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.
Tropicana to issue new shares to founder-cum-vice-chairman to settle RM180m debt
In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed.
BNM: Household debt continued to be driven by residential loans, debt servicing capability remained sound in 2022
A quarter of household borrowers had DSRs exceeding 60%, and they accounted for 33.
Economic Report 2021/2022: Household debt swells to RM1.34 trillion, 89.6% of GDP
KUALA LUMPUR (Oct 29): Malaysia's household debt climbed further to RM1.
Sentral REIT plans to raise up to RM3b via debt programmes for investments, working capital, and to refinance borrowings
KUALA LUMPUR (Oct 16): Sentral REIT (formerly MRCB-Quill REIT) has lodged debt programmes with the Securities Commission, through which it plans to raise up to RM3 billion in combined aggregate value to finance its investment activities and general working capital, as well as to refinance its borrowings.
