Genting to privatise Genting Malaysia in RM2.35-per-share buyout
The price tag is a premium of nearly 10% to Genting Malaysia's last price of RM2.14 last Friday before trading of the stock was suspended for the announcement.
Ivory Properties to be delisted on Oct 14 after Bursa rejects regularisation plan extension
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) will be delisted from the Main Market of Bursa Malaysia next Tuesday (Oct 14), after the stock exchange rejected its appeal for more time to submit a regularisation plan.
Tropicana continues debt reduction efforts with RM139m sukuk redemption
Tropicana Corp Bhd (KL:TROP) has redeemed another tranche of its sukuk wakalah worth RM139 million under its RM1.5 billion programme, which matured on Wednesday.
EPF ceases to be substantial shareholder in IOI Properties after selling 100 mil shares
The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of IOI Properties Group Bhd (KL:IOIPG) after almost nine years, as it trimmed its stake in the counter which had risen to a one-month high in a rally.
Varia lodges RM3b sukuk programme with SC to fund capex, refinance debt
Varia Bhd (KL:VARIA) has lodged a sukuk murabahah programme of up to RM3 billion with the Securities Commission Malaysia.
GDB plans placing out 10% of its shares to raise RM39 mil for working capital
Construction firm GDB Holdings Bhd (KL:GDB) has proposed a private placement of 93.75 million new shares, representing about 10% of its issued share capital, to independent third party investors Datuk Seri Chan Leng Sam and Datuk Seri Voon Thien Loong.
YNH Property expects RM105m profit from Bangsar South residential JV
YNH Property Bhd (KL:YNH) expects to book an estimated profit of RM105 million from the residential project in Bangsar South that it is planning to jointly develop with Genland Sdn Bhd.
Lion Industries looking to revitalise Amsteel’s two mills amid tough landscape
The group is also in talks with potential strategic partners to provide new technologies.
UOA Development to sell business park assets to UOA REIT in RM200m deal
UOA Development Bhd (KL:UOADEV) is transferring three properties in UOA Business Park, near Subang Jaya, to UOA Real Estate Investment Trust (KL:UOAREIT) in a related-party deal worth RM200 million.
Tropicana redesignates managing director Din Tan as deputy group CEO
Tropicana Corp Bhd (KL:TROP) said it has redesignated its group managing director, Din Tan Yong Chia, as deputy group CEO, effective Thursday.
