In a statement today, Sime Darby said its wholly-owned subsidiaries, Sime Darby Allied Products Bhd and Sime Darby Holdings Bhd, have entered into conditional agreements with Tesco Holdings BV and Tesco Plc, as well as the buyer of the stake, CP Retail Development Company Ltd.
The agreement entails a revised schedule for the payment of RM8.2 million, being the second out of five payment tranches, for the contiguous industrial land in Sungai Bakap.
The country's current infection number increased slightly to 5,532.
MRMA said Malaysian REITS (M-REITs) are burdened by operational expenditure and capital and financial commitments amid the closure of business premises during the Movement Control Order (MCO).
"The project is expected to take approximately 12 months from the date of securing the site, whilst the terms and conditions of the project is to be finalised within 6 months’ time."
According to the latest statistics released by the Ministry of Health (MoH), the number of active cases in the capital city was at 535, up from 523 on Monday.
"Following this withdrawal, Starhill Global REIT, its medium-term notes programmes and the notes drawn under the programmes continue to be rated by Fitch Ratings, and is currently rated 'BBB' with a stable outlook.”
Meanwhile, the total number of cured cases stands at 3,349 as of noon today, representing a recovery rate of 61.1%.
In a filing today, Tadmax said its unit, Tadmax Indah Power Sdn Bhd, has signed a conditional share sale agreement (SSA) with Kepco for the disposal of a 25% stake in Pulau Indah Power Plant Sdn Bhd (PIPP), which owns the 1,200MW power plant project.
If successful, this would be Gamuda’s first Australian project.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
