Axis Real Estate
Investment Trust (RM2.71/share)
Buys industrial land,
buildings for RM26.5m cash
Axis Real Estate Investment Trust (Axis-REIT) is expanding
its portfolio of properties with the proposed acquisition of two parcels of
indsutrial land with buildings in Labu, Negeri Sembilan, for RM26.50mil cash. Axis
REIT Managers Bhd, the management company of Axis-REIT, yesterday said the
29,436 sq metres of land with tenure of 99 years expiring in September 2095, was
acquired from LRS Property Sdn Bhd. The acquisition was undertaken by OSK Trustees
Bhd, the trustee for Axis-REIT. Axis REIT Managers said the acquisition was to
provide unitholders with stable distribution and to achieve growth in net asset
value per unit of the fund. – StarBiz
Telekom Malaysia
Bhd (RM5.41/share)
Proposes final
dividend of 9.8 sen
Telekom Malaysia Bhd (TM) is proposing a final single-tier
dividend of 9.8 sen per share for the financial year ended Dec 31, 2011. The
company said in a filing with Bursa Malaysia that the dividend would go ex on May
22. The entitlement date would be May 24 subject to shareholders’ approval in the
upcoming AGM on May 8, it added. – StarBiz
CIMB Group Bhd
(RM7.71/share)
CIMB, RBS agree to
collaborate
CIMB Group, which last week announced its acquisition of
some Royal Bank of Scotland (RBS) assets in the Asia Pacific, has defined
potential areas of collaboration with RBS in the region. The areas, as set out
under a cooperation agreement inked by the two banking groups here yesterday,
are capital market activities, mergers and acquisitions, equities, derivatives,
loan markets, trade advisory and trade financing solutions, cash management
services and agent/custodian bank arrangements. CIMB group chief executive
Datuk Seri Nazir Razak said the agreement would allow both CIMB and RBS to
leverage off each other in key Asia Pacific markets, adding that there is huge
potential for cross referrals. – Business Times
Maxis Bhd
(RM6.14/share)
Browse books via
Maxis
Maxis Bhd, the country’s biggest mobile operator, launched
its maiden digital books (ebooks) service to tap into the growth potential of
the tablet computer industry. Sales of tablet computers like Apple iPad and
Samsung Galaxy Tab grew by 500.0% in the fourth quarter of last year to 260,000
units. T. Kugan, Maxis vice-president and head of product, device, innovation
and roaming said Maxis has recognised the shift towards digital content and
with the launch of Maxis ebooks, they are looking at providing local readers
with the hassle-free experience of browsing, purchasing and reading books on
their tablets or PCs. About 31.0% of Maxis subscribers use devices like smart
phones and tablet computers. The service is also expected to help the company
grow its revenue, as Maxis takes a cut from the ebook purchases. While the
exact amount Maxis will be getting was not revealed, it is understood that
70.0% of the sale will go to the publishers. The remaining 30.0% may be shared
with its other technology partners. – Business Times
Source: AmeSecurities
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