KUALA LUMPUR (Aug 7): RAM Rating Services Bhd (RAM Ratings) has upgraded the rating of Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value to AA1 from AA2 and revised the rating outlook to stable from positive.
The rating agency said this is based on the strong debt-servicing ability and healthy operating performance of the Widad Group subsidiary, underpinned by timely monthly contractual payments from the Public Works Department under the facilities maintenance contract for the National Palace.
“The upgrade is further supported by the company commendable operating track record in delivering its services under the contract over the past four years,” it said in a statement today.
Advertisement
Widad Capital is wholly owned by Widad Builders Sdn Bhd, the construction and integrated facility management arm of Bursa Malaysia-listed Widad Group Bhd.
RAM Ratings said the company has appointed Widad Builders as the sub-contractor to undertake the facilities maintenance work at the National Palace.
“Widad Builders has an established track record in maintaining the National Palace through the last seven years, including three years’ similar experience prior to the present contract.
Based on Dataprep Holdings Bhd enlarged number of issued shares of 538.54 million after the tranche’s placement.
The
1) first tranche will be issued to its largest shareholders, -Wardah Communication Sdn Bhd and
- its parent company Widad Business Group Sdn Bhd. Post-first tranche placement, the two firms will collectively own a 64.37% stake in the group.
2) the remaining 64.06 million placement shares will be placed out to third party investors.
Who is third party investors?
Ini yang sekarang third party investors tu sedang beli antara 0.20 sen ke atas. 09/08/2020 12:40 PM X smkts123 KUALA LUMPUR (Aug 7): RAM Rating Services Bhd (RAM Ratings) has upgraded the rating of Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value to AA1 from AA2 and revised the rating outlook to stable from positive.
The rating agency said this is based on the strong debt-servicing ability and healthy operating performance of the Widad Group subsidiary, underpinned by timely monthly contractual payments from the Public Works Department under the facilities maintenance contract for the National Palace.
“The upgrade is further supported by the company commendable operating track record in delivering its services under the contract over the past four years,” it said in a statement today.
Advertisement
Widad Capital is wholly owned by Widad Builders Sdn Bhd, the construction and integrated facility management arm of Bursa Malaysia-listed Widad Group Bhd.
RAM Ratings said the company has appointed Widad Builders as the sub-contractor to undertake the facilities maintenance work at the National Palace.
“Widad Builders has an established track record in maintaining the National Palace through the last seven years, including three years’ similar experience prior to the present contract.
“Under the sub-contract, Widad 09/08/2020 12:41 PM smkts123 Write a comment..
"Letter Subject or Reference - COLLABORATION AGREEMENT ENTERED INTO BETWEEN WIDAD GROUP BERHAD AND IAQ SOLUTIONS SDN BHD ("COLLABORATION AGREEMENT")". I thought widad is also involved in health care sector "2. Examples of the Equipment and other related solutions and services to be distributed under the Collaboration Agreement. The two (2) major items involved are: - a. Equipment: - - Commercial & Hospital Grade Air Purification Equipment to control and eliminate all types of particulate dust, microbial and chemical pollutants from the air stream. b. Solutions / Services: - - Heating, Ventilation and Air Conditioning (HVAC) System designs to follow Department of Occupational Safety and Health (DOSH), Ministry of Human Resource, Malaysia (DOSH), American Society of Heating, Refrigerating and AirConditioning Engineers (ASHRAE), Center for Disease Control and Prevention (CDC) and other international guidelines; - Testing, Adjusting & Balancing (TAB) Works for HVAC System; - Indoor Air Quality (IAQ) Assessment; and - Maintenance Services.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JaBerry
369 posts
Posted by JaBerry > 2020-08-04 16:11 | Report Abuse
When?