IGB REIT said revenue decreased to RM234.62 million in the first quarter ended March 31, 2021 (1QFY21) from RM291.42 million a year earlier, due to lower contribution from among others, the group’s commercial and retail property investment segments and hotel operations.
"As we move further into 2021, the group will continue to recognise a substantial portion of stable recurring income from the 1,200MW Hai Duong Power Plant joint venture for the next 25 years," said its chief executive officer Andy Ang Lam Poah
BLand said the disposals were carried out via direct business transactions for RM27.61 million at an average price of RM1.84 per share.
This is because there is no synergy to be derived between the two companies at this juncture, said Datuk Tee Eng Ho
The entitlement date and exercise price of the warrants will be determined later, the property developer said in a bourse filing yesterday.
In a filing with Bursa Malaysia, the property developer said Bakke's resignation, effective immediately, was "due to the cessation of Sime Darby Bhd as a major shareholder of the company".
"In the case of Subang Airport, being a significant facility and major urban hub for Klang Valley residents, great care and deliberation is needed for the airport’s long-term future in the broader Malaysian aviation landscape.”
... despite the reintroduction of the MCO 3.0 in targeted areas, which is seen as a short-term blip to the recovery of the domestic economy.
"Neither has there been a discussion held with the government on the details."
BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and into April.
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