LBS Bina said the proposed disposal would result in a pro-forma disposal gain of about RM80 million, improve its net asset by about 10%, and reduce its gearing from 0.
It was among the top 20 active counters on the exchange, with 35.
As of Jan 31 this year, Binastra had 15 ongoing construction projects, with an outstanding order book of RM1.
DONE DEAL: Terrace house, Bukit Jelutong, Selangor DONE DEAL: Semidee, Damansara Perdana, Selangor Around 61.
Matrix Concepts said it had entered into a land development agreement with NS Corp for 1,000 acres (404.
TM-Nxera is a joint venture between Telekom Malaysia (KL:TM) and Singapore Telecommunications Ltd (Singtel).
The two projects will provide earnings visibility of up to five financial years, the company noted.
The latest term loan facility is expected to increase the group’s gearing ratio to 1.
DONE DEAL: Terrace house, Bukit Jelutong, Selangor DONE DEAL: Semidee, Damansara Perdana, Selangor Average transacted prices for landed residential properties in Seri Kembangan have decreased by 7.
The report said Malaysia’s ranking demonstrates the growing buying power of Malaysian consumers and their increasing interest in cross-border property investments.
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