KUALA LUMPUR: Kota Selat Tebrau Sdn Bhd has inked a letter of intent (LoU) to develop residential apartments with Singapore-based Oakwood Asia Pacific Pte Ltd, in Danga Bay, Johor.
Under the LoU, the parties will enter into a management agreement, offshore technical service and marketing agreement and trademark licence agreement. Construction will start in April. - Bernama
Bank declares 0.5 sen income distribution
KUALA LUMPUR: AmInvestment Bank group has declared a final income distribution of 0.5 sen per unit for its AmDividend Income Fund for the year ended November 2008.
It also announced an interim distribution of two sen per unit for the year ending July 31 for its AmDynamic Bond's unit holders. – Bernama
RAM reaffirms ratings on ORIX Leasing’s bonds
KUALA LUMPUR: RAM Rating Services Bhd has reaffirmed the AAA(bg) ratings of ORIX Leasing Malaysia Bhd's RM200mil guaranteed fixed-rate Bonds and RM150mil guaranteed fixed-rate bonds with a stable outlook.
The enhanced ratings reflected the credit strength of the irrevocable and unconditional sub-guarantees extended by Japan Bank for International Cooperation and Bank of Tokyo-Mitsubishi UFJ Ltd, Labuan, via ORIX Corp, said the rating agency in a statement.