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Lendlease-TRXC JV secure RM2.15bil loan for TRX project

KUALA LUMPUR: Australian-listed Lendlease and TRX City Sdn Bhd (TRXC), which are co-developing the Lifestyle Quarter development at the Tun Razak Exchange (TRX), have secured a RM2.15bil financing facility for a period of five years.

E&O plans up to RM550mil cash call

PETALING JAYA: Eastern and Oriental Bhd (E&O) is targeting to raise as much as RM550mil by selling new shares, as the developer seeks funds to reduce debts and pay for new reclamation work at the ongoing Phase two of Seri Tanjung Pinang (STP2) project in Penang.

In a filing with Bursa Malaysia, E&O said it planned to raise the amount through the issuance of rights shares and private placement.

China upbeat on US trade talks, but South China Sea tensions weigh

BEIJING: China struck an upbeat note as trade talks resumed with the United States, but also expressed anger at a US Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

Higher principal-level talks will take place on Thursday and Friday with US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin (pic).

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