TCS Group proposes 2-for-5 rights issue with free warrants
The construction firm has proposed to undertake a renounceable rights issue of up to 243.
The construction firm has proposed to undertake a renounceable rights issue of up to 243.
The mature electronics company signed the MOA with Echo Asia (Hong Kong) Ltd, an affiliate of Hong Kong-listed Echo International Holdings Group Ltd, and CHEC Construction (M) Sdn Bhd, a wholly-owned subsidiary of China Harbour Engineering Company Ltd.
The disposal, involving a 4,065 sq m commercial plot with a single-storey building erected thereon, is expected to generate a gain of about RM8.
The land will be used as FoundPac Tech's new manufacturing facility, as it is less than a kilometre away from the unit's existing manufacturing facilities.
KUALA LUMPUR (June 12): A group of 14 business and consumer organisations supported by 125 associations has called for a blanket loan moratorium until Malaysia reaches herd immunity from Covid-19.
KUALA LUMPUR (June 10): A six-month automatic loan moratorium that is interest-free and without any condition should be extended to all borrowers, according to the SME Association of Malaysia.
SINGAPORE (May 28): The majority of Chinese companies focusing on Asean expect to see their businesses grow in the region over the next 12 months, according to a survey commissioned by Standard Chartered.
KUALA LUMPUR (April 23): Malaysia took the unenviable title of dropping the furthest in the 2021 World Press Freedom Index after falling 18 spots to number 119.
KUALA LUMPUR (April 7): The Federation of Malaysian Manufacturers (FMM) has called on the government to lift the freeze on foreign worker recruitment for the manufacturing sector to support the pickup in business and assist the industry in its business recovery as orders and production start to gain momentum.
While we have discovered quite a number of terraced houses actually selling below RM600,000 in the secondary market, we did wonder if these were really good deals.