KUALA LUMPUR: SILK Holdings Bhd’s wholly-owned unit, Jasa Merin (Labuan) PLC (JML), has been granted Islamic financing facilities by Affin Islamic Bank Bhd totaling RM55.27mil to part-finance the purchase of three oil/chemical tankers, one each from BHIC Marine Carriers Sdn Bhd, BHIC Marine Ventures Sdn Bhd and BHIC Marine Transport Sdn Bhd.
In a filing with Bursa Malaysia, it said the facilities would provide financing for up to 70% of the tanker acquisition.
“SILK Holdings as the sole shareholder of JML is required to enter into a corporate guarantee agreement favouring Affin Islamic for a total of RM55.27mil as security for the facilities,” it added. - Bernama