Here's what we have for the week

Significant Event

  • Basic metals, energy, and agricultural commodities have fallen by 20% over the week.
  • The Russian Rubble is now at 7 years high.


Real Estate Industry
 

  • Sunway Reit is buying its first industrial property. The property is located at Sungei Way Industrial Park.
  • Dynaciate Group is buying another piece of land located at Nilai, Negeri Sembilan for RM 15 million. The company had bought another piece of land located at Bentong, Pahang for RM 12 million 2 weeks ago.
  • Boustead Projects Ltd had acquired the property at 28 & 30 Bideford Road from SC Aetas Holdings for SGD 515 million.
  • Johor-based developer, Paragon Globe is purchasing several pieces of agricultural land located at Desa Cemerlang, Johor Bahru, Johor for RM 32.56 per sqft.


Infrastructure/Logistics

  • Penang is running out of plots above 10 acres (four hectares) in its Batu Kawan Industrial Park and is planning to develop more lands in Byram, South Seberang Perai.
  • RM190mil flood mitigation project at Batu Pahat River to start.


Cash Call/ Debt restructuring/Restructuring/Proposed Listing

  • Techna-X Bhd is issuing 900 million shares (at RM 0.04 per piece) or 28.89% of its enlarged share capital to settle RM36 million worth of debt owing to six creditors. The bulk of the debt is owned by the company’s executive director, Datuk Jared Lim.
  • Euro Holdings Bhd is raising RM 20.05 million via a private placement for its general working capital expenses and repayment of bank borrowings. The furniture company will issue up to 160.38 million shares.


Privatization

  • AIMS Property Securities Fund is being offered for AUD 1.25 per unit from AIMS Investment Group.


Company Expansion Plan/ Capex Plan

  • Lion Asiapac Limited is expanding the capacity of its lime plant in Banting, Malaysia.
  • Petronas Chemical isexpected to produce maleic anhydride (MAn) in Kuantan, Pahang by the first half of 2025 after acquiring the 113 kilo-tonnes per annum (ktpa) MAn plant in Gebeng, Kuantan.
  • Senheng New Retail Bhd is setting aside RM74.3 million on capital expenditure (CAPEX) for 2022.



Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access to all the major transactions of offices, lands, and factories in Malaysia via this tool.

Daily Insights


News we are reading

  • Major flooding has occurred in south China's Pearl River basin due to heavy rainfall. This could lead to a disruption in the supply chain (The Star)
  • Laos will soon start selling electricity to Singapore under the Laos-Thailand-Malaysia-Singapore Power Integration Project. (The Star)
  • The Malaysian Government removes food subsidies partially. (The Edge)