The expected proceeds from the placement, which could involve up to 46.36 million shares, are based on an indicative issue price of RM7.80 per placement share, said Scientex in a bourse filing yesterday.
Sitting on 169,504 sq ft of land made up of two freehold parcels adjacent to TREC Kuala Lumpur, RHB Banking Group headquarters and the Royal Selangor Golf Club, The Arch is a five-storey building with a basement level.
Its portfolio occupancy rate remained healthy at 91.86% in 1QFY17, relatively unchanged from the portfolio occupancy rate of 92.03% in the previous quarter.
In Singapore, the most coveted homes are those with a seafront view, within walking distance of the beach and the park, and near eateries. The East Coast and Sentosa Cove are two areas in Singapore that offer such luxuries.
“FCT is in a strong negotiating position with tenants who want a presence in the north where the group has close to 75% market share of retail malls.”
Sunsuria Bhd hopes to have access to infrastructure and development projects in the government and private sector through its acquisition of a controlling stake in a firm that holds a Construction Industry Development Board licence.
Spanning a 3.68-acre freehold plot along Jalan 112, The Estate features two 45-storey towers that will house 328 condo units. They are priced at RM800 psf.
Among the key tenants are MBO Cinemas, Tai Thong Restaurant, Jaya Grocer, Mr.DIY, B.bap, Caring Pharmacy, Guardian Pharmacy, Watsons Pharmacy, Poliklinik Shaik with Ooi & Khor Dental Surgery.
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