It is considering a bond issuance of up to RM300 million to fund land acquisition as well as the development of existing projects.
With the company's gearing at 30% as of last financial year (March 31, 2009) and about 27% today (2009) and the ability to gear up was there for Bolton.
Bolton was scouting for landbank in the Klang Valley and possibly in Penang where it has existing developments
A bond issuance by the company would not be for refinancing or debt repayment purposes but would fund a combination of developing what land the company already had and to look at acquisition opportunities.
Scan 03 May 2024
-
Symbol TypeDateClose PriceVolume13 Day RSI
AIRASIA Overbought 5/3/2024 0.825 24261800 80.7
AWC Overbought 5/3/2024 0.975 1134200 79.98
BPPLAS Overbought 5/3...
10 hours ago
No comments:
Post a Comment