NST Online Business Times : latest
NST Online Business Times : latest |
| Aeon to raise 90b yen from REIT launch Posted: 01 Oct 2013 07:10 PM PDT Japanese retailer Aeon Co Ltd plans to raise about 90 billion yen (US$917 million) by listing a commercial-property REIT on the Tokyo Stock Exchange (TSE) as early as next month, the Nikkei said on Tuesday. Aeon would raise around 170 billion yen by bank borrowing and the REIT's listing, which would be the third-biggest debut by a Japanese REIT this year, the business daily said. More than 15 Aeon properties, including its biggest Aeon LakeTown mall in Saitama Prefecture and shopping centers in Malaysia, would be sold to the REIT and then leased back, the Nikkei said. Use from the proceeds would be used to open new stores, the daily said.-- Reuters
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| KL shares opem higher in early trading Posted: 01 Oct 2013 06:58 PM PDT Share prices on Bursa Malaysia opened higher in early trading today on renewed buying interest, dealers said. At 9.03am, the benchmark index gained 3.25 points to 1,772.28 after opening 0.94 of a point better at 1,769.97. Gainers thumped losers 125 to 55, with 128 counters unchanged, 1,287 untraded and 14 others suspended. Trading stood at 52.94 million shares worth RM40.66 million.
"On the chart, the benchmark index may recover towards the immediate resistance line of 1,785 ahead," it said in a note today. The research house said despite a partial shutdown in the US government, major stock indices on Wall Street rose between 0.4 per cent and 1.2 per cent last night. "Essentially, investors are taking a view that there would be limited economic consequences and the budget impasse could be resolved soon. "This will likely give a lift to sentiments across the region today," it said. Meanwhile, the research firm said stocks that could add interest today was Puncak Niaga following reports that it was close to selling its water concessions to the Selangor state government. Others are Favelle Favco, which has received purchase orders for the supply of offshore cranes for a combined value of RM109 million and Bina Puri which has won a building construction job worth RM97 million. On the scoreboard, the Industrial Index improved 25.64 points to 3,065.68, the Finance Index gained 29.6 points to 16,428.6 but the Plantation Index fell 3.82 points to 8,312.02. The FBM Emas Index rose 22.63 points to 12,324.06, the FBM100 Index was 22 points higher at 12,059.88, the FBM Ace increased 7.9 points to 5,532.47 and the FBM 70 garnered 24.94 points to 14,033.48. Among actives, INS Bioscience fell two sen to 30 sen, Sona Petroleum -WA was flat at 29 sen and Astral Supreme rose half-a-sen to 23 sen. Of the heavyweights, Maybank added four sen to RM9.84, Axiata earned two sen to RM6.91 and CIMB was up one sen to RM7.51.-- Bernama |
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