News by justin Lim

The acquisition of the 9.79-acre land is to further expand Gromutual’s business in the development of ready built industrial facilities. 

The private placement will involve 31.5 million shares or 10% of Samaiden's total number of issued shares. 

Axis REIT said the proposed acquisition of the property from Venice Tulip Sdn Bhd would enable the REIT to strengthen its portfolio of industrial properties.

The group said its 4QFY21 results were driven largely by the property development segment which contributed revenue of RM52.49 million and profit before tax of RM8.56 million.

Quarterly gross revenue fell 30.5% to RM48.68 million against RM70.05 million a year ago.

The project comprises a total of 155 double-storey terrace houses, one single-chamber TNB sub-station, two double-chamber TNB sub-stations and one main switch station.

Sentral REIT said its manager Sentral REIT Management Sdn Bhd has proposed the establishment of Commercial Papers (CP) Programme of RM300 million in nominal value, and Medium-Term Notes (MTN) Programme of RM3 billion in nominal value, subject to a combined limit of RM3 billion in aggregate nominal value under Trusmadi Capital Sdn Bhd (the issuer).

Advancecon said its wholly-owned Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction Sdn Bhd for the appointment.

WCT said its indirect 80%-owned subsidiary, WCT Perkasa Sdn Bhd, has entered into a deal with Yayasan Sabah for the option to acquire the development rights over the land, comprising several parcels, in phases to undertake a mixed development project

According to the company’s draft IPO prospectus posted on the Securities Commission Malaysia website, 153.65 million shares will be offered to the investing public.