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MMC gets nod for RM470mln sukuk wakalah

Posted on 15 May 2013

MMC Corp Bhd has received nod from the Securities Commission (SC) to issue up to RM470 million of sukuk wakalah to part-finance the acquisition of operations and maintenance business of Hicom Power Sdn Bhd, for working capital and to help defray any expenses.
The approval was received on Monday via MMC’s unit Tanjung Bin O&M Bhd. MMC has within one year to issue the sukuk wakalah, in which each tranche will have a tenure of more than one year and up to 16 years from the date of issuance…………………………………..Full Article: Source

 
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