Latest news with #RM241
New Straits Times
2 days ago
- New Straits Times
Bank officer loses RM241,700 to online vehicle scam
KUALA TERENGGANU: A bank officer lost RM241,700 after falling victim to an online vehicle scam while attempting to purchase a four-wheel drive. Kuala Terengganu district police chief Assistant Commissioner Azli Mohd Noor said the 52-year-old victim lodged a report at the district police station at 9.37am yesterday. He said on July 4, at 12.30pm, the victim came across a used car advertisement on Facebook by a company allegedly based in West Port, Port Klang, Selangor. "The victim was interested in buying a 2017 Toyota Hilux 2.4. He clicked on the link, which redirected him to WhatsApp, supposedly for the next step in the purchase," he said. The man was then contacted by an individual who requested a copy of his identity card and several payments to proceed with the transaction. Between July 9 and 21, the victim made 40 transactions to 18 different bank accounts, amounting to RM241,700. Azli said the scammer later demanded an additional RM31,000, claiming it was for customs fingerprint verification. "This led the victim to suspect he had been duped, and he stopped further payments," he said. The four-wheel drive was never delivered. The case is being investigated under Section 420 of the Penal Code for cheating.
The Star
2 days ago
- The Star
Kuala T'ganu bank officer cheated of RM240,000 in vehicle purchase scam
KUALA TERENGGANU: A bank officer has been left devastated after losing RM241,700, including his Employees Provident Fund (EPF) savings, in an online vehicle purchase scam. Kuala Terengganu OCPD Asst Comm Azli Mohd Noor said the 52-year-old victim came across an advertisement for a used four-wheel-drive vehicle on Facebook on July 4. Interested in the offer, the victim clicked on the link and began communicating with the purported seller via WhatsApp, he said. The victim was told to provide a copy of his MyKad and make an advance payment to a representative of the suspect's company, supposedly based in Port Klang, Selangor. "Between July 9 and 21, the victim made 40 payments to eight different accounts totalling RM241,700. "The victim began to suspect he had been cheated when he was asked to pay an additional RM31,000 supposedly for fingerprinting costs at the Royal Malaysian Customs Department," he said in a statement on Monday (July 28). ACP Azli said the victim lodged a police report on Sunday (July 27) and that the case is being investigated under Section 420 of the Penal Code for cheating. – Bernama
The Sun
2 days ago
- The Sun
Bank officer loses RM241,700 in online vehicle scam
KUALA TERENGGANU: A bank officer lost his entire savings, including EPF funds, amounting to RM241,700 in an elaborate online vehicle purchase scam. The victim, a 52-year-old man, fell prey to a fraudulent advertisement for a used four-wheel-drive vehicle on Facebook. Kuala Terengganu police chief ACP Azli Mohd Noor stated that the incident began on July 4 when the victim responded to the advertisement. He communicated with the supposed seller via WhatsApp and was asked to provide a copy of his identity card along with an advance payment. 'Between July 9 and 21, the victim made 40 transactions to eight different accounts, totalling RM241,700,' Azli said. The scam escalated when the suspect demanded an additional RM31,000 for alleged fingerprinting costs at the Royal Malaysian Customs Department. The victim realised he had been deceived and lodged a police report yesterday morning. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama
New Straits Times
10-06-2025
- Business
- New Straits Times
Risks flagged in Al-Aqar Healthcare Reit's overseas push
KUALA LUMPUR: CIMB Securities Sdn Bhd remains cautious about Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar Reit) plans to expand beyond Malaysia, citing its lack of a proven track record and familiarity with the overseas markets. The concern is supported by the Reit's pending divestment of its only international asset, the Jeta Gardens Aged Care Facility in Australia. Acquired in 2010 for RM132 million, the asset is now being disposed of for RM74.9 million, reflecting a significant 43 per cent discount to the original purchase price. With gearing currently at 41 per cent and expected to rise to 48 per cent following two major acquisitions, CIMB Securities also noted that Al-'Aqar is exploring asset disposals of up to RM65 million to maintain headroom below the 50 per cent regulatory gearing limit. The Reit is in the midst of acquiring two properties — the new buildings of KPJ Ampang Puteri Specialist Hospital at RM131 million and KPJ Penang Specialist Hospital at RM110 million — with a combined value of RM241 million. "Post acquisition, gearing could increase to around 48 per cent, approaching the regulatory limit of 50 per cent. We note that Al -Aqar is exploring potential asset disposals as part of its capital management efforts. "Based on our estimates, disposals could amount to about RM65 million, which would provide debt headroom of about RM72 million before breaching the regulatory threshold," the firm said. CIMB Securities is also neutral on Al-Aqar Reit's refreshed VENTURE27 strategy that targets a portfolio growth to RM2.3 billion by 2027 through the acquisition of third-party assets and a reduced dependency on hospital assets. "The strategy aims to reduce reliance on a single tenant, KPJ Healthcare Bhd, by expanding into developed regional markets and diversifying across the healthcare supply chain beyond hospital assets," the firm said. Six of its leases are up for renewal in the second half of this year, with five proposals have been submitted for unitholder approval at an upcoming extraordinary general meeting, while discussions for the remaining lease involving KPJ Tawakkal KL Specialist Hospital are ongoing. CIMB Securities kept its "Hold" call on the Reit with a target price of RM1.33 per share, supported by distribution yields of 5.8–6.1 per cent for financial year 2025 (FY25) to FY27.
New Straits Times
10-06-2025
- Business
- New Straits Times
Al-Aqar locks in RM15mil annual rent from new KPJ hospital leases
KUALA LUMPUR: Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar Reit) is set to secure more than RM15 million in annual base rental income through new long-term lease agreements with KPJ Healthcare Bhd. This follows the trust's proposed acquisition of two new buildings at KPJ hospitals in Ampang and Penang worth a combined RM241 million. The 15-year leases, covering properties at KPJ Ampang Puteri and KPJ Penang, will commence upon the completion of the RM131 million and RM110 million purchases, respectively. Both properties will be leased back to their current operators under structured contracts that include fixed rental escalations and market-based rent reviews. In a bourse filing today, Al-Aqar Reit said the first-year base rent for the Ampang building is RM8.19 million, while the Penang building will contribute RM6.88 million, totalling RM15.07 million annually. The second and third years will see a two per cent increase each year. From the fourth year onwards, rental will be subject to periodic reviews based on open market value but capped at a maximum annual increment of two per cent. "Any adjustment to the rent shall not be more than two per cent incremental increase over the rent for the preceding year," it said, adding that both lease agreements come with renewal options for another 15 years. Unitholders will vote on the proposals at an extraordinary general meeting scheduled for June 25 in Johor Bahru. If approved, the deal will boost Al-Aqar Reit's recurring income profile without materially affecting its net asset value (NAV) per unit. "The proposed acquisitions are not expected to have a material effect on the NAV per unit of Al-Aqar Reit," it added.
