Axteria proposes yet another private placement to fund property development
In the latest private placement exercise, the large bulk of the proceeds raised (RM9.
In the latest private placement exercise, the large bulk of the proceeds raised (RM9.
Wholly-owned unit Eko Bina Sdn Bhd is seeking RM23.
Abang Abdillah Izzarim Abang Abdul Rahman Zohari, 45, is the son of Sarawak Premier Tan Sri Abang Abdul Rahman Zohari Abang Openg, more popularly known as Abang Johari or Abang Jo.
Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.
The company stands to incur a gain of approximately RM7.
Tan and BLand are seeking general damages, compensatory damages, aggravated damages and exemplary damages.
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
The Tank Stream Hotel is a 15-storey hotel building with 280 rooms.
According to its 2022 annual report, as at Dec 30, 2022, executive chairman Tan Sri Ter Leong Yap is the largest shareholder of the company with a direct interest of 168.