Danajamin Nasional Berhad (Danajamin), the Financial Guarantee Insurer, announced that it is guaranteeing a credit enhancement facility for Tranche 1 of the 12-year RM600 million Sukuk Musharakah Islamic Medium-Term Note (IMTN) Programme to be issued by SkyWorld Capital Berhad (Issuer), a sole-purpose vehicle wholly-owned by SkyWorld Development Sdn Bhd (SkyWorld). The credit enhancement facility is required in order for Tranche 1 of the IMTN to be accorded a AA3/Stable rating by RAM Rating Services Berhad in the Sukuk market.
Sime Darby Bhd's plantation and property units debuted on the Malaysian stock exchange this morning, with the plantations arm holding near its reference price while the property arm eased.
Sime Darby Plantations Bhd began trade at 5.60 ringgit a share, in line with its listing reference price of 5.59 ringgit. Sime Darby Property Bhd opened at 1.29 ringgit a share, versus its 1.50 ringgit reference price.
Damansara Realty Bhd (DBhd) has received the Economic Planning Unit’s (EPU) approval for a land acquisition which is part of its proposed RM141.5 million settlement agreement with Johor Corporation (JCorp), allowing it to reduce its net current liabilities and return its balance sheet to health.
The integrated facilities management (IFM), project management consultancy (PMC) and property group announced that its associate company DAC Properties received the EPU’s approval on 22 November 2017, and has completed the acquisition of 53.14 acres of land for RM130.3 million from JCorp, the Johor state investment arm.