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Sunway obtains RM491m worth of Islamic loans
by Cals Thu 15 Aug 2013, 05:17
Sunway obtains RM491m worth of Islamic loans
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Wednesday, 14 August 2013 18:54
KUALA LUMPUR (August 14): Diversified entity Sunway Bhd has obtained Islamic loans amounting to a collective US$150 million (about RM491 million) from two foreign lenders.
In a statement today, Sunway said it has accepted US$75 million each from Standard Chartered Saadiq Bhd and HSBC Amanah Malaysia Bhd.
Sunway said the loans will facilitate the partial repayment of the group's existing bank borrowings.
In a separate statement, Sunway announced that it will release its unaudited financial results for the second quarter ended June 30 2013 after 5pm this August 29.
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Wednesday, 14 August 2013 18:54
KUALA LUMPUR (August 14): Diversified entity Sunway Bhd has obtained Islamic loans amounting to a collective US$150 million (about RM491 million) from two foreign lenders.
In a statement today, Sunway said it has accepted US$75 million each from Standard Chartered Saadiq Bhd and HSBC Amanah Malaysia Bhd.
Sunway said the loans will facilitate the partial repayment of the group's existing bank borrowings.
In a separate statement, Sunway announced that it will release its unaudited financial results for the second quarter ended June 30 2013 after 5pm this August 29.
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