Another Real Estate Investment Trust (REIT) will be listed on the Main Market of Bursa Malaysia on 7th DEC 2011. Pavilion REIT, which is expected to raise RM695.2 million from its initial public offering (IPO), has secured six cornerstone investors to take up 265 million units at an offer price of RM0.90 sen per unit or the institutional price, whichever is lower. The cornerstone investors are Permodalan Nasional Bhd, Employees Provident Fund Board, Kumpulan Wang Persaraan (Diperbadankan), Great Eastern Life Assurance (Malaysia) Bhd, American International Assurance Bhd and HwangDBS Investment Management Bhd.
Read more…
Public Bank Bhd and Bursa Malaysia Bhd won the Overall Excellence Award of the Malaysian Corporate Governance Index 2009 (MCG Index) for their achievements in practising the highest level of corporate governance standard. The new MCG Index serve as a premier index for investors to gauge corporate governance levels of public-listed companies in Malaysia.
Read more…
Nestle (Malaysia) Bhd will replace Parkson Holdings Bhd to become the constituent in FTSE Bursa Malaysia KLCI (FBM KLCI) following the Kuala Lumpur stock exchange’s semi-annual review. The reviews ensure that the indices accurately reflect the markets they represent. FTSE group and Bursa Malaysia Bhd said that would take effect from tomorrow, 21st DEC 2009, and the next review would take place in JUN 2010.
Read more…
Categories: Business Tags: brands, Bursa, Business, FBM, FTSE, investment, KLCI, KLSE, Nestle, share, stock
Recent Comments