Dijaya slumps, plans rights, bond sale
Publish date: Wed, 07 Mar 2012, 10:06 AM
Dijaya Corp slumped 8.4 percent to RM1.53 in Kuala Lumpur trading at 9.41am, set for the biggest loss since Nov. 6, 2009.
The property developer plans a rights offer and a RM500 million bond sale to help fund acquisitions.
The company agreed to buy property assets from its major shareholder for RM948.7 million, it said in a statement. -- Bloomberg
The property developer plans a rights offer and a RM500 million bond sale to help fund acquisitions.
The company agreed to buy property assets from its major shareholder for RM948.7 million, it said in a statement. -- Bloomberg
Labels: TROP
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Be the first to like this. Showing 4 of 4 comments
I know boss is injecting his properties into the company. The timing is a little strange. All the big guns like AK, VT are amasing cash, including TV's brother, the Djaya's boss. Why ?
2012-03-07 15:16
They are up to someting and some body big is behind them. Just wait and see.
2012-03-07 15:17
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Who is the majority shareholder? V.T.?
2012-03-07 13:30