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BUSINESS

News in brief: April 27, 2022

27/04/2022 11:08 PM

CAPITALAND MALAYSIA TRUST (CLMT) manager, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), today announced a net property income (NPI) of RM36.1 million for the first quarter (Q1) ended March 31, 2022, up 44.8 per cent from the NPI of RM24.9 million recorded in Q1 2021.

In a statement today, it said distributable income for the quarter under review amounted to RM20.5 million and distribution per unit was 0.95 sen.

CMRM chairman Lui Chong Chee attributed the improved performance in Q1 2022 to the gradual reopening of Malaysia’s economy earlier this year, compared to Q1 2021 when Movement Control Order measures were imposed.

CLMT is a real estate investment trust listed on Bursa Malaysia with a portfolio that comprises five shopping malls and a complementary office block.

-- BERNAMA

 

KMDI HARTA BHD has submitted an information memorandum to the Securities Commission Malaysia in compliance with Sections 229 and 230 of the Capital Market and Services Act 2007 that allows it to offer Islamic redeemable preference shares to eligible investors.

The company said it targets to raise RM400 million for operating capital, which would be managed through Citadel Trustee Bhd.

“A shariah adviser will also be appointed to streamline the investment structure to comply with shariah principles. The proceeds will be used for existing and future projects, including the construction of affordable and commercial housing, pure water exploration, mineral water treatment plant, kenaf industrialised building system factories, and mining of mineral resources,” KMDI said in a statement today.

-- BERNAMA

 

MALAYSIA AIRPORTS HOLDINGS BHD has welcomed the government's latest decision in relaxing various health safety standard operating procedures, which will take effect from May 1, 2022, as this is expected to contribute towards the speed of air travel recovery.

In a statement today, managing director Datuk Iskandar Mizal Mahmood said the strategic move, which is in tandem with practices in many other countries, will certainly hasten economic recovery.

“Based on the feedback we received from passengers travelling through our airports since the border reopening, we are confident that passengers now will be more encouraged to travel to Malaysia.

“Apart from reducing the hassle, this latest move will also incur less expenses as COVID-19 tests are no longer required for fully vaccinated travellers and insurance are no longer necessary,” he added. 

-- BERNAMA


 


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