KWAP takes up entire RM1bn ‘perpetual’ sukuk by MAS
Pension fund KWAP took up the entire RM1bn sukuk issued by national airline MAS in the first move for its funding programme announced last month. MAS also said it has secured “firm commitments” for the remaining RM1.5bn of its perpetual junior sukuk programme. (Malaysian Reserve)
Mohammed Rashdan resigns from MAS
MAS announced the resignation of Mohammed Rashdan Yusof as deputy group CEO, expressing appreciation and stressing the important role he played in formulating the turnaround of the loss-making national carrier, which has shown positive results. (Malaysian Reserve)
UEM Land to adopt a dividend policy payout of 20%-40%
UEM Land Holdings has announced that the company will be adopting a dividend policy of a payout of 20% to 40% of the group‟s consolidated realized profit after tax and minority interests. (Malaysian Reserve)
IHH locks in cornerstone investors for IPO
Blackrock Inc, Capital Group and Och-Ziff Capital Management Group have emerged as cornerstone investors in the USD2bn listing of IHH Healthcare, according to two sources with direct knowledge of the flotation. The other cornerstone investors were Singapore sovereign wealth fund Government of Singapore Investment Corp, Fullerton Fund Management, AIA Group and Hwang Investment Management, the sources said. (StarBiz)
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