KUALA LUMPUR: Tropicana Corporation Bhd has redeemed the third tranche of its Sukuk Wakalah Programme worth RM110 million, which was due on June 7, 2024. The property developer said the move was part of its efforts to reduce gearing and optimise financial management. The company had also redeemed its first tranche of...
PETALING JAYA: QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its proposed Quest International University (QIU) campus in Ipoh, Perak. Bank Pembangunan Malaysia Bhd (BPMB) is the primary subscriber at RM60 million, of the programme. The Sukuk Ijarah is issued via Silver Formula ABS Bhd, a special purpose company set up to...