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KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement...

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) fell to a low of RM1.37 early Friday after its proposed a cash call which involves a renounceable two-call rights issue of new shares to its entitled shareholders to raise up to RM2bil.At 10.15am, MBSB was down five sen to RM1.39. There were 2.42...

PETALING JAYA: Ranhill Holdings Bhd, a company with a focus on power and water, has executed a private-public partnership concession agreement to undertake a 10-million-litre-per-day wastewater treatment plant in Maoping Industrial Park in China.The company said in a filing with Bursa Malaysia that...

Musa (second from left) giving the mock key to Kampung Iburu residents. – Bernama picSIPITANG: The Sabah government has issued communal grants for 1,133ha of land to 191 household heads in Kampung Iburu in this district.Sabah Chief Minister Datuk Seri Musa Aman said the grants were issued to...

KUALA NERUS: The Terengganu government is offering new houses to four families in Kampung Duyong Kecil who were left homeless by a fire.Mentri Besar Datuk Seri Ahmad Razif Abd Rahman said the victims were given options depending on whether they owned land or not."For those who own land, the...

Children taking part in a colouring contests at the K1M programmer at the Phase 3 flats.BY YVONNE T. NATHANBANDAR Baru Sentul Perdana’s community square became a one-stop centre for residents in the area to build closer neighbourly ties.The annual 1Malaysia Community (K1M) Information Programme...

BY CECILIA KOKKUALA LUMPUR: Malaysia Building Society Bhd (MBSB) plans to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement.In a filing with Bursa Malaysia on Thursday, the financial services provider said the entitlement basis and issue price...

LBS Bina, helmed by group managing director Tan Sri Lim Hock San, is the strategic investor that helped rescue ML Global from the PN17 status.BY M. HAFIDZ MAHPARKUALA LUMPUR: ML Global Bhd is finally free of the Practice Note 17 (PN17) status after six years and amendments to its original...

The project is a stone’s throw from Mid Valley Megamall and The Gardens, and adjacent to the Federal Highway and LRT station.BY DAVID TANEUPE Corporation Bhd is launching its RM555 mil Novum high-rise residential project in Bangsar South comprising three tower blocks of 729 condominium units.The...

BY MOHD FARHAAN SHAHRaja Zarith (right) presenting a mock cheque to the Malaysian Red Crescent Datuk Mohd Rashidi Mohd Nor (left) while Tan looks on. – ABDUL RAHMAN EMBONG/The StarJOHOR BARU: A total of 39 charitable organisations in Johor have received a helping hand, thanks to the Better...