The share sale involves the issuance of 132 million new shares and an offer for sale of up to 59 million existing shares, the company said in an exchange filing. KUALA LUMPUR: Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million…
Read MoreKUALA LUMPUR (March 6): Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor. The tawarruq asset financing facilities would back the construction of a so-called tier-three data centre by Pi Data Centre Sdn Bhd (PiDC), Bank Pembangunan said in a statement….
Read MoreKUALA LUMPUR (March 7): MIDF Research has maintained a positive outlook on the property sector as it remains sanguine on property companies going forward. In a note today, it said buying sentiment on property is expected to remain healthy going forward as the landscape for the property sector is improving. “New sales for property companies…
Read MoreIn conjunction with the International Women’s Day, EdgeProp follows five women on their property buying navigations, exploring their thoughts, insights and feelings before they sign on the dotted lines. “Invest in women: Accelerate progress” is the United Nations’ message to us for International Women’s Day (IWD) 2024, yet according to the latest record on Malaysian…
Read MoreKUALA LUMPUR (March 7): Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation. The overnight policy rate was maintained at 3% following the Monetary Policy Committee’s two-day meeting, Bank Negara Malaysia said in a statement. A survey of 19 economists by Bloomberg unanimously…
Read MoreKUALA LUMPUR (March 6): Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it has raised RM960 million from the issuance of bonds and sukuk. The issuance, done through its first public bookbuilding for this year, comprises RM460 million one-year and RM200 million two-year conventional medium-term notes as well as RM300 million Islamic medium-term notes,…
Read MoreKUALA LUMPUR (March 6): Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia. Both Felda and PR1MA face “going concern” issues — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — based on levels…
Read MoreDevelopment on Malay reserve land in Selangor only for public infrastructure projects — MB He said among the public infrastructure development projects carried out on such land are the construction of the East Coast Rail Link (ECRL) project and Kuala Lumpur International Airport (KLIA), with replacements made according to the same type of Malay reserve…
Read MoreKUALA LUMPUR (March 5): Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later. Based on an illustrative issue price of 90 sen per placement share, the exercise is expected to raise…
Read MoreKUALA LUMPUR (March 5): EcoFirst Consolidated Bhd is selling a piece of vacant land in Shah Alam at a loss to HCK Capital Group Bhd, saying the disposal will release it from the burden of monthly loan instalments of about RM1.35 million to its financier. The proposed disposal, at RM34 million, “would be a great stress…
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