| Pinehill Pacific Bhd (Pinepac) says its unit Pinehill Plantations (M) Sdn Bhd (PPM) has secured a RM200 million Islamic loan from Export-Import Bank Of Malaysia Bhd (Exim Bank).
The loan will be used to redeem all PPM’s outstanding loan with Bank Kerjasama Rakyat Malaysia Bhd, Pinepac said. It is also to part finance the working capital requirement of PPM’s Indonesian subsidiaries to secure land titles as well as develop and manage the oil palm activities there...............................................Full Article: Source
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