Sunway REIT, Pavilion REIT, Perisai Petroleum Teknologi, TH Heavy Engineering, Destini, Yinson and Gadang Holdings - News Summed Up

Sunway REIT, Pavilion REIT, Perisai Petroleum Teknologi, TH Heavy Engineering, Destini, Yinson and Gadang Holdings


KUALA LUMPUR (Oct 27): Based on corporate announcements and news flow today, stocks in focus tomorrow may include: Sunway REIT, Pavilion REIT, Perisai Petroleum Teknologi Bhd, TH Heavy Engineering Bhd, Destini Bhd, Yinson Holdings Bhd and Gadang Holdings Bhd. The proposed payout represents a full distribution of its realised distributable income of RM66.85 million versus RM62.33 million previously. Performance in the office segment of Sunway REIT was also compromised by the unsatisfactory take-up rates in Sunway Tower and Sunway Putra Tower. Perisai Petroleum Teknologi Bhd's 51%-subsidiary, SJR Marine (L) Ltd has defaulted on its financing facility of US$20.5 million (RM85.97 million) from OCBC Al-Amin Bank Bhd. Yeow was charged in July this year along with two others — Paulene Chee Yuet Fang and her remisier, Tan Yee Chee — for insider trading in relation to the proposed merger of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd in 2011.


Source: The Edge Markets October 27, 2016 16:11 UTC



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