Property developer Bedi Bhd (KL:BEDI), formerly known as WMG Holdings Bhd, entered into a deal on Thursday to sell a hypermarket property in Sandakan, Sabah to retailer and wholesaler Mydin for RM85 million. Mydin is the property’s current lessee.
The mandatory general offer (MGO) from Vestland Bhd’s (KL:VLB) largest shareholders, at a discount to its market price, has come to a close with a sliver of acceptances.
Amanahraya Real Estate Investment Trust (KL:ARREIT) plans to establish a RM2 billion medium-term note programme to raise capital for refinancing and funds for working capital and capital expenditure.
Magna Prima Bhd (KL:MAGNA) announced that its largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—closed their mandatory takeover offer with a 54.96% stake in the company.
NCT Group of Companies said it launched its maiden RM1 billion sukuk wakalah programme on Thursday.
Construction company GDB Holdings Bhd (KL:GDB) has secured a court order enforcing an RM83 million adjudication award in its dispute with KSK Land Sdn Bhd over payments following the developer’s termination of its unit as the main contractor of the 8 Conlay project.
The counter dropped to a two-month low of 78.5 sen, or down 15.5 sen, before paring losses.
AWC currently has 339.36 million shares in circulation and no outstanding warrants.
Malaysia Airports Holdings Bhd (MAHB) said it has demanded immediate corrective action from its aerotrain contractors as its preliminary assessments revealed a declining trend in the train's system reliability, in particular its vehicle and power distribution systems.
Bina Puri Holdings Bhd (KL:BPURI) has outlined a "conceptual" scheme of arrangement that proposes creditors grant a 10% waiver on debts it owes them, as the company seeks court protection to finalise its financial overhaul.
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