Berjaya Property (KLSE:BPROP) said its unit Nural Enterprise sold about 1.98% equity interest in 7-Eleven Malaysia (KLSE:SEM) for about 43.9 million ringgit.
The stake, comprising 21.9 million shares, was sold to Detik Ria, according to a Friday Malaysian bourse filing.
Following the sale, Berjaya Property collectively holds about 70.8 million shares or 6.39% stake in 7-Eleven Malaysia.
Hong Kong Finance Group (HKG:1273) unit Hong Kong Finance Company agreed to extend a HK$4 million loan to independent third parties Sun Chit Nam, Sun Siu Kit, and Lin Xi Wen, according to a Friday filing with the Hong Kong bourse.The loan has an interest rate of 18% per annum and will fall due nine months from drawdown.A second mortgage related to two residential properties and two car parking spaces in Hong Kong worth HK$148 million was pledged as security against the loan.
Daming Electronics (SHA:603376) signed land investment and transfer contracts for a new Phase II project in Yueqing City in China's Zhejiang Province.The land use term is 50 years, with a transfer price of 19.5 million yuan, according to a Friday filing with the Shanghai bourse.Shares of the automotive parts manufacturer closed 2% lower Friday.
IJM (KLSE:IJM) said its unit IJM Properties agreed to dispose of a piece of land together with a single-story building for 47.5 million ringgit.The property, located in Sabah, Malaysia, will be sold to Coupang, the asset-holding company of the Econsave Cash & Carry, according to a Friday Malaysian bourse filing.The deal is expected to close by the third quarter, the conglomerate said.Proceeds will be used to pay off expenses and boost working capital.