Capital markets news summary for Tue 28 Mar 2023 Astro’s 4Q2023 net profit down 57% The company’s net profit for 4Q ended 31 Jan 2023 was RM54.75m compared to RM126.59m in 4Q2022. Revenue also fell from RM1.03b to RM990.67m. The company blamed higher content and broadband costs, which was offset by lower staff-related and merchandise…
Capital markets news summary for Mon 27 Mar 2023 Sunway Healthcare sets up RM5b sustainability sukuk wakalah programme The programme will be established by its wholly-owned subsidiary Sunway Healthcare Treasury Sdn Bhd. Proceeds from the issuance of the sukuk will be used for the development of new hospitals in Kota Damansara, Iskandar Puteri, Ipoh, Kota…
Capital markets news summary for Fri 24 Mar 2023 SunCon bags RM604.86m Johor Bahru RTS project Sunway Construction Sdn Bhd signed a letter of acceptance (LOA) for Package 1B – advance works for station and viaducts – and Package 5 – terrestrial viaducts and ancillary structures – of the Johor Bahru-Singapore Rapid Transit System (RTS)…
Capital markets news summary for Thu 23 Mar 2023 Hap Seng sells HS Credit (Manchester) for RM837.34m The company’s subsidiary – HSC Manchester Holding Pte Ltd – entered into a share sale agreement with Lei Shing Hong Capital Limited (LSHCL) – a Hong Kong-based conglomerate – to dispose of all 50m shares of HS Credit…
Capital markets news summary for Wed 22 Mar 2023 Malakoff buys 70% of Kelantan hydroelectric plants The company – together with wholly-owned subsidiaries Tuah Utama Sdn Bhd (TUSB) and Malakoff Technical Solutions Sdn Bhd (MTSSB) – entered into a heads of agreement with Rising Promenade Sdn Bhd (RPSB), RP Hydro (Kelantan) Sdn Bhd (RPHK) and…
Capital markets news summary for Tue 21 Mar 2023 AHAM Capital suspends 2 funds invested in Credit Suisse The Single Bond Series 2 and the Single Bond Series 4 represent less than 0.1% of the company’s RM77b assets under management. The Series 2 fund has the Credit Suisse 6.376% Additional Tier (AT) 1 – also…
Capital markets news summary for Mon 20 Mar 2023 Uzma plans 10% placement to fund Sungai Petani solar project The issuance of 35.2m shares will raise RM21.79m to part fund the 50MW large scale solar 4 project in Ladang Bukit Hijau, Kuala Muda. The shares will be issued to external parties at a discount not…
Capital markets news summary for Fri 17 Mar 2023 Microlink wins RM18m contract to maintain government home loan management system The company has secured the 5-year contract with the Public Sector Home Financing Board (LPPSA) for the provision of maintenance and support services. The contract – valued at RM17.79m – is subject to a formal…
Capital markets news summary for Thu 16 Mar 2023 4 people arrested for Alpha Circle sukuk misappropriation The company is the fundraising vehicle for NERS – which signed the concession to develop a foreign worker biometric system with the government on 20 Jul 2011 for a 12-year term. The board of directors on 29 Aug…
Capital markets news summary for Wed 15 Mar 2023 Landmark’s Andaman Resort defaults on RM133m financing facility A fire which broke out at the Andaman Resort in Jan 2021 caused the biggest revenue contributor to cease operations affecting the company’s cashflows. OCBC Bank issued a notice of recall on 8 Mar demanding the repayment of…