KUALA LUMPUR: UOA Development Bhd
, LKL International Bhd, Yinson Holdings Bhd, Kim Loong Resources Bhd, Key Alliance Group Bhd and Solution Group Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
UOA Development is selling UOA Corporate Tower in Bangsar South to its 75.66%-owned UOA REIT for RM700mil.
UOA Development shareholders will receive a special dividend of one sen per share from the transaction.
UOA REIT will be financing RM278mil of the purchase consideration via private placement and RM352mil of the building’s price tag via its RM422mil five-year revolving credit facility.
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