The Star Online: Business
The Star Online: Business |
- Danainfra Holdings exchange traded bonds, sukuk to list on Friday
- UMW down in line with weaker market sentiment
- Sunway REIT fixes placement units at RM1.49 each
| Danainfra Holdings exchange traded bonds, sukuk to list on Friday Posted: 05 Feb 2013 06:54 PM PST Published: Wednesday February 6, 2013 MYT 10:55:00 AMKUALA LUMPUR: Danainfra Holdings Bhd's exchange traded bonds and sukuk (ETBS) to list this Friday. A Bursa Malaysia Securities circular said on Wednesday the tick size would be one sen. The reference price is RM1. The upper limit is equal to or above RM1 is 10% while the lower limit price below RM1 is 10 sen. To recap, the retail sukuk was issued to fund the construction of the country's Sungai Buloh-Kajang mass rapid transit (SBK Line). It was oversubscribed by 0.61 times. This is the country's first retail sukuk offering to facilitate the funding of the country's biggest infrastructure development, the Sungai Buloh-Kajang mass rapid transit (SBK Line) project, with a total estimated cost of RM23bil. The oversubscription represented RM484.3mil in value from a total of 1,424 applications for the RM300mil retail sukuk offering.
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| UMW down in line with weaker market sentiment Posted: 05 Feb 2013 06:30 PM PST Published: Wednesday February 6, 2013 MYT 10:30:00 AMKUALA LUMPUR: Shares of UMW Holdings Bhd fell in mid-morning on Wednesday, in line with the weaker market sentiment despite analysts' positive outlook for the oil-gas and automobile company. At 10.17am, UMW was down 16 sen to RM12.02. There were 283,600 shares done. The FBM KLCI fell 14.35 points to 1,619. Turnover was 283.93 million shares valued at RM269.86mil. Losers beat gainers 304 to 80 while 229 counters were unchanged. CIMB Equities Research is maintaining its Outperform on UMW and raised its revised net asset value-based target price by 10% to RM14.45. It said the higher target price was mainly due to the impact of the weakening US dollar and yen on the group's auto business. On Tuesday, UMW's O&G unit secured a US$140mil contract from Sabah Shell.
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| Sunway REIT fixes placement units at RM1.49 each Posted: 05 Feb 2013 05:51 PM PST Published: Wednesday February 6, 2013 MYT 9:51:00 AMKUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) has fixed the issue price for the placement units at RM1.49 under its corporate exercise to raise RM320mil. It said on Wednesday the price was fixed after the bookbuilding process for the 214.76 million units. Sunway REIT said the board has fixed the issue price at RM1.49 per unit, which was a 2.9% discount to the five-day volume weighted average price of RM1.535 as of Monday RHB Investment Bank, Credit Suisse (Singapore) Ltd, Credit Suisse (Securities) Malaysia Sdn Bhd, The Hongkong and Shanghai Banking Corporation Ltd, Singapore Branch, and Maybank Investment Bank Bhd acted as placement agents. "The proceeds from the placement will be utilised to fully repay bank borrowings drawn from Sunway REIT's existing debt financing facilities which was used to satisfy the purchase consideration for the acquisition of the SunMed Property and to defray related expenses," it said.
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