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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
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.
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.
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.
PETALING JAYA: Paramount Corp Bhd is proposing to dispose of the company’s private and international schools, Sekolah Sri KDU and Sri KDU International School, to unlisted Alpha Real Investment Trust (REIT) for RM165mil.
KUALA LUMPUR: Maybank Investment Bank Research expects Wah Seong Corp to further strengthen its balance sheet via disposal or sales and leaseback schemes.
PETALING JAYA: Wisma MCIS and its annexe block, which is a fairly well-known landmark near PJ Hilton in PJ New Town, previously known as PJ State, is in the market for a sale and leaseback deal.
PETALING JAYA: Lion Industries Corp Bhd is selling its office building in Klang to Yinson Corp Sdn Bhd for RM47.7mil through a sale and leaseback arrangement.
KUALA LUMPUR: Lion Industries Corp Bhd is selling its office building in Klang to Yinson Corp Sdn Bhd for RM47.7mil through a sale and leaseback arrangement.
PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) net profit for the fourth quarter ended Dec 31, 2016 was higher at RM299.12mil from RM196.12mil a year ago, albeit a lower revenue mainly from a one-off gain from restructuring income.