UEM Land Holdings Bhd, a Malaysian developer, priced its proposed rights issue shares at 80 sen each, which is a 44.1 per cent discount to the stock’s recent average price, the company said in a statement to the Kuala Lumpur stock exchange.UEM Land said it hopes to raise gross proceeds of RM971.3 million from the one-for-two rights issue. CIMB Group Holdings Bhd and Malayan Investment Bank Bhd were appointed joint underwriters, it said. -- Bloomberg
Amanah Saham Nasional Bhd (ASNB) today announced an income distribution of 6.30 sen per unit for Amanah Saham Malaysia (ASM) for the financial year ended March 31, 2010.
The income distribution will be reinvested in additional ASM units to be automatically credited into the unitholders'' accounts on April 1, 2010.
ASM is a fixed priced equity-income fund aimed at providing unitholders with a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments. -- Bernama