KUALA LUMPUR (Dec 14): Bina Darulaman Bhd, which is controlled by the Kedah state government, is jointly developing an integrated project called Langkawi Premium Outlet in Kedah with the Menteri Besar Kedah Incorporated (MBI Kedah).
The project in Langkawi will have a premium outlet, an International Cultural and Tourism Village, a hotel, and food and beverage outlets, according to Bina Darulaman s stock exchange filing today. Perbadanan Kemajuan Negeri Kedah had a 67.28% stake in the company as of May 29, 2020.
Bina Darulaman s wholly-owned subsidiary BDB Land Sdn Bhd (BLSB) has inked a joint venture (JV) and shareholders agreement with MBI Kedah, Kedah state government s investment arm, for the project.
KUALA LUMPUR (Dec 14): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Dec 15) include: AirAsia X Bhd, RHB Bank Bhd, Deleum Bhd, Hartalega Holdings Bhd, Top Glove Corp Bhd, Luxchem Corp Bhd, Ivory Properties Group Bhd, Ta Win Holdings Bhd and Bina Darulaman Bhd.
AirAsia X Bhd s (AAX) deputy chairman Datuk Lim Kian Onn is spearheading a special purpose vehicle (SPV) to pump in at least RM50 million fresh capital into the low-cost carrier, which is in the midst of negotiating with its creditors for debt and liabilities restructuring.
AAX announced its equity raising plan that entails a cash call to its existing shareholders to raise up to RM300 million plus issue of new shares to new investors to raise an additional RM200 million.