UEM Sunrise plans to issue RCPS instead of new shares to raise up to RM793 mil

KUALA LUMPUR (Sept 17): UEM Sunrise Bhd (UEMS) and its major shareholder UEM Group Bhd (UEMG) have mutually agreed to terminate a previous share subscription agreement and replace it with a subscription agreement for the proposed issuance of up to 793 million new UEMS redeemable convertible preference shares (UEMS-RCPS), in light of recent movements in the market price of UEMS shares.

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Bouygues UK bags Battersea £1 bil job

KUALA LUMPUR (Sept 17): Battersea Power Station Development Co (BPSDC), the development manager of the Battersea Power Station project in London, has appointed Bouygues UK as the preferred contractor for Phase 3 of the project, with a contract worth over £1 billion (RM6.

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