Gabungan AQRS proposes 1-for-4 bonus issue of Warrants B

KUALA LUMPUR (June 26): Gabungan AQRS Bhd has proposed to undertake a bonus issue of Warrants B on the basis of one Warrant B for every four existing shares held to reward existing shareholders and to raise additional working capital, when Warrants B are exercised in future.

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MBSB still has RM1b conventional assets to be converted

KUALA LUMPUR (June 26): Non-bank lender Malaysia Building Society Bhd (MBSB) aims to convert its conventional assets worth about RM1 billion, which makes up about 10% of its assets, to Islamic assets over the next two years, as part of its plans to becoming an Islamic bank.

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ECRL can proceed with better terms

KUALA LUMPUR (June 26): The government will proceed with the East Coast Rail Link (ECRL) if it can obtain more favourable terms through renegotiation and the project’s cost is brought down, said Prime Minister Tun Dr Mahathir Mohamad.

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