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Breakfast briefing: Tuesday, December 5 (Update)

Breakfast briefing: Tuesday, December 5

Al-Salam REIT buying properties from QSR for RM115mil

PETALING JAYA: AmanahRaya Trustees Bhd, as trustee for Al-Salam REIT, is acquiring 22 properties from several QSR Brands (M) Holdings Bhd units in an all-cash deal of RM115mil.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Al-Salam REIT to acquire properties from QSR for RM115m

KUALA LUMPUR: AmanahRaya Trustees Bhd, as trustee for Al-Salam REIT, is acquiring 22 properties from several QSR Brands (M) Holdings Bhd units in an all-cash deal of RM115mil.

Paramount Q3 earnings soar nearly eight-fold to RM85.76mil

PETALING JAYA: Property and education company Paramount Corp Bhd posted an almost eight-fold increase in net profit to RM85.76mil for the third quarter ended Sept 30, 2017compared to the same quarter a year ago, thanks to gain on disposal of asset.

Axis REIT land lease proposal seen mildly positive

PETALING JAYA: Axis Real Estate Investment Trust (REIT) Bhd’s proposal to lease about seven acres of vacant land in Subang, Selangor from Malaysia Airports Holdings Bhd (MAHB) is seen as “mildly positive” by analysts.

Maybank IB positive on Axis REIT land lease proposal

KUALA LUMPUR: Maybank Investment Bank Research is "mildly positive" on Axis REIT Bhd's proposal to lease about seven acres of vacant land in Subang, Selangor from Malaysia Airports Holdings Bhd

Malaysia Airlines may opt for sale and leaseback for B787-900

PETALING JAYA: Malaysia Airlines Bhd is placing orders for new-generation aircraft that are more fuel-efficient and can fly further in a bid to reduce operating cost and offer the latest products and services to match its peers.

Malaysia Airlines confirms 25 Boeing 737 orders

KUALA LUMPUR: Malaysia Airlines reiterated that it has a firm order of 25 Boeing 737 aircraft with further decision to purchase additional aircraft which best suits its operational environment.

Sime Darby approves final terms of restructuring proposals

KUALA LUMPUR: The board of directors of Sime Darby Bhd (SDB) has approved the final terms of the group’s restructuring proposals to create three standalone listed entities in the Plantation, Property and Trading & Logistics sectors on the Main Market of Bursa Malaysia Securities Bhd.