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Breakfast briefing: Tuesday, November 24
PETALING JAYA: CIMB and Maybank’s respective investment banking arms, CIMB Investment Bank Bhd (CIMB) and Maybank Investment Bank Bhd (Maybank IB), have entered into an agreement with Cititower Sdn Bhd for a 20-year RM3.2bil syndicated Islamic term financing (ITF).
PETALING JAYA: Malaysia is attracting more upscale international hotel names with the scheduled opening of a number of new properties in the country in the next few years.
KUALA LUMPUR: Sunway Bhd unit, Sunway Construction Sdn Bhd, has been awarded a RM222mil contract by CitiPower Sdn Bhd to construct and complete piling and sub-structure works, as well as, associated works for the proposed mixed commercial development at Kuala Lumpur City Centre.
KUALA LUMPUR: Kuala Lumpur City Centre (KLCC) is entering its next phase of development, with the construction of a mixed commercial project with a gross development value of RM5bil.
PETALING JAYA: Sunway Bhd has been awarded a RM304mil contract from Cititower Sdn Bhd to construct and complete the North East Car Park located underneath KLCC Park.
Hwang DBS Vickers Research (HDBSVR) is maintaining its Hold recommendation on Sunway Bhd at RM2.74 but with a lower target price of RM2.55.