Health scare drives Tech Realtors Properties’ boss to focus on building company
“This came as not something bad actually.
“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.
“This sale is part of S P Setia's strategic plan to improve capital efficiency by monetising its identified land banks and aligns with the company's long-term plan to move towards a lighter asset structure.
The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.
Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”.