Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
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13<br />
S P <strong>Setia</strong> <strong>Berhad</strong> Group<br />
Corporate Highlights<br />
During the year, the Group completed a capital raising<br />
exercise involving the issuance of RM500 million nominal<br />
value Redeemable Serial Bonds with 168,151,302<br />
Detachable Warrants (RSB) to bring down its borrowing<br />
costs, restructure its debt maturity profile and fund future<br />
working capital needs. This exercise will allow the Group<br />
to embark on the various new projects planned to further<br />
boost our strong and steady earnings base.<br />
With regards to our cross border investment in Vietnam,<br />
the Group is making strategic moves to grow our presence<br />
there with the signing of a cooperation agreement with<br />
Saigon Hi-Tech Park Development Company to jointly<br />
design and develop a mixed use real estate development<br />
project on 79 acres of land in Ho Chi Minh City.<br />
On home ground, the Group is set to play a major<br />
role in the advancement of the Sabah Development<br />
Corridor through the construction of a state-of-the-art<br />
transportation hub in Kota Kinabalu. This will serve as the<br />
gateway into the state, boosting its overall connectivity.
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