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Pavilion REIT is proposing to dispose an area measuring 11302 sq ft, including 72 parking bays in Pavilion Mall, Kuala Lumpur, for a cash consideration of RM4.9mil from its developer Urusharta Cemerlang (KL) Sdn Bhd.
KUALA LUMPUR: Axis REIT Managers Bhd (ARMB), for and on behalf of Axis Real Estate Investment Trust (Axis-REIT), has offered to acquire an industrial facility at Port Klang for RM46mil on an acquisition-and-leaseback arrangement.
KUALA LUMPUR: Siva Kumar M. Jeyapalan, the former chairman of Masterskill Education Group Bhd (MEGB) which sold his 30.75% stake and paved the way to a joint takeover by SMRT Holdings Bhd and private equity firm Creador, has retired as director. (Article also includes Bernama report on the press conference after Masterskill AGM and EGM on Friday.)
PETALING JAYA: AirAsia Bhd shares closed higher yesterday after it announced turnaround initiatives for its Indonesian and Philippine associates earlier this week. The low-cost carrier’s share price closed 14 sen up to RM1.67 with 96.72 million shares traded.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold recommendation for AirAsia Bhd, whose shares were recently sold down, with a fair value of RM1.85.
Breakfast briefing: Thursday, June 18
PETALING JAYA: After having lost almost RM1bil in market capitalisation over the last five days, budget carrier AirAsia Bhd is spelling out measures designed to improve its balance sheet, particularly to reduce the amount owed by its associates in Indonesia and the Philippines.
KUALA LUMPUR: AirAsia Bhd, which owns more than 120 aircraft, plans to undertake a sale and leaseback (SLB) of up to 20 aircraft in 2015 as it also seeks to reduce its debt level.
KUALA LUMPUR: AirAsia Bhd has issued a business update on Wednesday to assure the investment community followiung the recent fall in its share price.
KUALA LUMPUR: AirAsia Bhd’s share price slumped to a low of RM1.65 – the lowest since September 2010 – on Tuesday.