Thursday, May 24, 2012

IGB ... May12


It stands to rake in close to rm1 billion in cash as its 76% stake subsidiary KrisAssets plans to distribute cash proceeds from the planned disposal of its two retail properties to a REIT. KrisAssets plans to dispose of the Mid Valley and The Gardens Mall to IGB REIT for rm4.61 billion. The transaction will be satisfied by the issuance of 3.4 billion new units in IGB REIT at rm1 each while the balance of rm1.2 billion will be settled in cash, to be funded from the drawdown of a portion of syndicated financing facilities by the REIT.

The cash payout by KrisAssets will further expand IGB’s huge cash reserves. As at Dec 31, 2011, IGB had cash of rm821 million against debt obligations of rm1.1 billion. Including the potential cash distribution of rm965 million from KrisAssets, IGB’s cash pile is expected to grow to tm1.79 billion, placing its parent company at a net cash position of rm690 million.

However, IGB is exploring development opportunities in London and Taipei , whereby it is understood that IGB would require about rm1 billion to fund the acquisition of a site in London .

17 comments:

Anonymous said...

buy tramadol online tramadol for dogs human consumption - tramadol 50 mg 60 capsulas

Anonymous said...

xanax online xanax side effects urdu - xanax dosage for dog anxiety

Anonymous said...

buy tramadol online tramadol overdose 1500 mg - tramadol hydrochloride 50 mg dog

Anonymous said...

buy tramadol online buy tramadol online no prescription overnight - tramadol addiction symptoms

Anonymous said...

buy carisoprodol carisoprodol 5 panel drug test - carisoprodol 350 mg tablet

Anonymous said...

buy tramadol online tramadol generic ultram 50 mg 180 pills - tramadol dosage bnf

Anonymous said...

carisoprodol online buy carisoprodol online us - what is soma carisoprodol tablets 350mg

Anonymous said...

tramadol online tramadol 100mg online overnight - tramadol addiction treatment centers

Anonymous said...

order cialis online cialis daily how long does it take to work - generic cialis 10mg online

Anonymous said...

buy cialis online once daily cialis side effects - cialis prescription coupon

Anonymous said...

buy tramadol tramadol addiction effects - tramadol hcl 50 mg a narcotic

Anonymous said...

tramadol 100 tramadol high liver enzymes - best site buy tramadol

Anonymous said...

buy tramadol buy tramadol online co.usa - tramadol dosage and dogs

Anonymous said...

buy tramadol online buy tramadol cod - tramadol clorhidrato 100mg gotas

Anonymous said...

generic ativan ativan and alcohol withdrawal treatment - ativan addiction symptoms

Anonymous said...

ativan drug wyeth ativan yellow - ativan overdose children

Anonymous said...

buy tramadol without rx best place to buy tramadol online reviews - buy tramadol online no prescription usa