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PETALING JAYA: Low cost carrier AirAsia Group Bhd is in need of an urgent intervention to save itself.
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
KUALA LUMPUR: Berjaya Corporation Bhd (Bcorp) is selling the hotel component of Four Seasons Hotel and Hotel Residences Kyoto, Japan to Godo Kaisha Tigre for 49bil yen (RM1.87bil).
KUALA LUMPUR: Genting Hong Kong has raised US$900mil (RM3.66bil) from its first ever sale and leaseback transaction of one of Dream Cruises’ cruise ships with a consortium of four Chinese leasing companies.
KUALA LUMPUR: Genting Hong Kong raised US$900mil (RM3.66bil) from its first ever sale and leaseback transaction of one of Dream Cruises’ cruise ships with a consortium of four Chinese leasing companies.
KUALA LUMPUR: Kenanga Investment Bank Research keeps its underweight call on healthcare, building materials and neutral on ports & logistics, aviation, Malaysian REITS, plastics and packaging and media.
KUALA LUMPUR: Impiana Group’s subsidiary Impiana Cherating Sdn Bhd sold a total of 146 units under phase one of the Impiana Resort and Residences Cherating in Kuantan for RM146mil to Hong Kong company, Silver Max Asia Pacific Labuan Ltd, based in Labuan.
PETALING JAYA: Unless they have the financial muscle, commercial and industrial property owners are selling their assets to generate cash, reduce debts or fund expansion, property consultancies say.