Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Corporate News

I-Bhd plans preference share issue

PETALING JAYA: Property developer I-Bhd is proposing to issue preference shares to its major shareholder, Sumurwang Sdn Bhd, in a deal that could raise up to RM100mil.

In a filing with Bursa Malaysia, the company said the proposal calls for the issuance of up to RM100mil redeemable preference shares to Sumurwang at RM1 each.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
IBhdPrefShares , PropertyDevelopment , SumurwangInvestment , CapitalRaising

Next In Business News
Malaysia's inflation slows to 1.9% in June
Asean passenger EV sales projected to reach 916,997 units by 2035 - BMI
Malaysia's economy expands 5.8% in 2Q, advance estimates reveal
Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
Padini shares surge as MACC unfreezes accounts
Stocks stumble, oil set for weekly gain on renewed Gulf hostilities
Ringgit opens higher against major currencies, flat vs US$
FBM KLCI stays slightly higher ahead of 2Q GDP estimate
Trading ideas: Padini, Kerjaya, Berjaya Property, Cropmate, Guocoland, iCents, Liftech, MKH, SHH, Metro, Silver Ridge
Fed may need to hike rates if inflation does not ease soon, Jefferson says

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.