CORPORATE

UOB Malaysia issues RM600 million Basel III-compliant Tier 2 Subordinated Medium Term Notes

 |  Friday, 27 July 2018 14:50  |  Published in CORPORATE

United Overseas Bank Malaysia Bhd (UOB Malaysia) issues its RM600 million Basel III-compliant Tier 2 Subordinated Medium Term Notes at a fixed coupon rate of 4.80 per cent The Notes are the first bond issuance under UOB Malaysia’s RM8 billion Senior and Subordinated Medium Term Notes Programme and are rated AA1 by RAM Rating Services Berhad.

The issuance was 2.5 times subscribed with orders in excess of RM 1.5billion, an increase of RM500 million from the initial target. Strong investor demand also saw the Notes priced at the lower end of the initial price guidance range with a fixed coupon rate of 4.80 per cent.

Bosch Malaysia saw 8% growth of sales for FY17

 |  Friday, 27 July 2018 14:35  |  Published in CORPORATE

Bosch ended its 2017 fiscal year in Malaysia with total net sales of RM 5.2 billion, registering growth of close to eight per cent compared to the previous year.

Bosch’s consolidated sales in the Malaysian market amounted to RM 615 million in 2017 – remaining the second largest revenue contributor for Bosch in Southeast Asia for the third consecutive year with its stable year-on-year performance.

Kip REIT‘s First Full Financial Year Performance Exceeds Expectations

 |  Friday, 27 July 2018 14:24  |  Published in CORPORATE

KIP Real Estate Investment Trust the first hybrid community-centric retail REIT listed on Bursa Malaysia yesterday announced its fourth quarter results ended 30 June 2018 (“Q4FY2018”) with a total revenue of RM16.13 million and a higher profit after tax (“PAT”) of RM12.40 million.


Revenue for the quarter of RM16.13 million was marginally higher than the preceding year’s corresponding quarter ended 30 June 2017 (“Q4FY2017”). Net property income (“NPI”) recorded an improvement of RM252,000 or 2.3% compared to Q4FY2017, which was due to higher rental from promotional events and lower operating expenses.


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