Even with potentially higher debt, Chin Hin said it is an "opportune time" to increase its stake in Signature given the latter’s positive earnings prospects and synergy between the duo going forward.
Going forward, Hua Yang is “optimistic” of an improvement in the property sector, but cautioned that the continuation of global geopolitical tensions and inflationary pressure on construction costs continues to challenge business operations.
With the additional rental from the three newly-acquired industrial properties, the industrial REIT’s net property income (NPI) grew 14.
"The proposed acquisition is poised to yield a synergistic effect with the adjacent property, First Subang SS15 Courtyard.
Post transaction, the REIT’s enlarged portfolio will consist of 10 properties, with the proportion of industrial and logistics properties increasing from 10% to 11% of its total portfolio's net lettable area of approximately 4.
AZRB considered the outstanding sum claimed by FMSB through the winding-up proceeding as not a material debt.
Scientex said the landbank expansion is also in line with the goal of the group to build more affordable homes to meet its objective of completing 50,000 affordable homes throughout the country by 2028.
Each family received ang pow of RM1,000 and grocery package worth RM600 with essentials such as rice, cooking oil, flour, cookies, and other necessities.
The Tee brothers’ investment vehicle Kerjaya Prospek Development (M) Sdn Bhd converted 50 million ICULS to shares at 23.
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