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Ipmuda sells PJ property to Kerjaya Prospek, eyes expansion into renewable energy and healthcare businesses
KUALA LUMPUR: Ipmuda Bhd is planning to dispose its industrial property in Petaling Jaya and sell new shares to investors, as the building material supplier seeks to raise funds for proposed purchase of a 30-bed hospital in KL, a solar farm in Kedah and a small hydro energy project in Sabah.
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PETALING JAYA: Yinson Holdings Bhd will need to put in the best front-end engineering design (pre-Feed) for two floating production storage and offloading (FPSO) projects in Angola and Suriname, as the group is competing with two to three other global players.
Hong Seng Consolidated Bhd says its first two glove production lines out of the eight planned for this year, should be up and running by the end of this month.
WHILE there is scepticism over the viability of new players entering rubber glove manufacturing, Johan Holdings Bhd reckons it has a strategy to make a success out of the business.
SINGAPORE: Singapore Airlines Ltd said the S$6.2bil (US$4.7bil or RM19.36bil) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement yesterday.
SINGAPORE (The Straits Times/ANN): Singapore Airlines (SIA) had sought and obtained overwhelming shareholder support to raise funds through its Mandatory Convertible Bonds (MCB) and rights share issues – funds that the airline said will put it on a strong footing to re-emerge as a global player as the Covid-19 pandemic recedes and borders reopen.
AirAsia Group Bhd (AAGB) is retaining its target to raise RM2bil to RM2.5bil in new equity and debt capital this year, CGS-CIMB Equities Research said.