Avaland sets up RM1b sukuk programme

It said the programme has been assigned a long-term credit rating of AA3 with a stable outlook by RAM Rating Services Bhd, on the back of the group's "earnings visibility backed by its unbilled sales of RM852 million as at March 31".

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Perak Corp refutes claims of land losses due to unpaid rent

In a bourse filing, the Practice Note 17 (PN17) company stated that when the land confiscation occurred, Perak Corp had already derecognised the assets and liabilities of its wholly owned subsidiary PCB Development Sdn Bhd and PCB Development’s 51%-owned subsidiary Animation Theme Park Sdn Bhd from the consolidated statement of financial position as of Dec 20, 2021.

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