Kerjaya Prospek Property plans to raise RM147 mil via rights issue of shares, loan stocks
The group said it expects the rghts issue of one new share for every two shares held at 20 sen per share, totalling 273.
The group said it expects the rghts issue of one new share for every two shares held at 20 sen per share, totalling 273.
In a note on Friday, Phillip Capital said that this contract would result in a 2.
Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award from TPDSB for the execution and completion of a Gurney pedestrian ramp, access to Gurney and all associated works at Bandar Tanjung Pinang, Pulau Andaman.
According to Kerjaya Prospek's announcement to Bursa Malaysia, the contract covers the execution and completion of a foundation piling system and pile caps, the construction of a basement and two levels of lower ground and all associated site works and earthworks for the proposed two blocks of 52 storey service apartments.
The proposal entails the issuance of up to 1.
The IPO, priced at 88 sen per share, comprises 132 million new shares and an offer for sale of 59 million existing shares, according to the prospectus released on Friday.
On the property development segment, Kerjaya said development projects have contributed positively to the group's results.
"The completion of the latest land sale will add to the group’s already substantial cash reserves (including short-term funds) which stood at RM1.
Crescendo’s wholly-owned unit Panoramic Industrial Development Sdn Bhd inked a sale and purchase agreement with Microsoft's unit Microsoft Payments (M) Sdn Bhd for the land sale, according to the property developer's bourse filing on Monday.
DONE DEAL: Factory, Eco Business Park, Puncak Alam, Selangor DONE DEAL: Semidee house, Jade Hills, Kajang, Selangor Up to 61.