KUALA LUMPUR (March 6): Real estate developer Dijaya Corp Bhd plans to acquire PROPERTIES [] owned by its single-largest shareholder Tan Sri Danny Tan for RM948.7 million.
The purchase will be funded with a cash portion of RM250 million and irredeemable convertible unsecured loan stocks, Dijaya said in a statement on Tuesday.
Dijaya also proposed to a rights issue to raise about RM250 million and debt funding of RM500 million in commercial papers and medium term notes.
The purchase will be funded with a cash portion of RM250 million and irredeemable convertible unsecured loan stocks, Dijaya said in a statement on Tuesday.
Dijaya also proposed to a rights issue to raise about RM250 million and debt funding of RM500 million in commercial papers and medium term notes.
