S P Setia seeks nod from Bank Negara, SC for proposed RCPS-i C issuance

KUALA LUMPUR: S P Setia Bhd has applied to Bank Negara Malaysia today to seek its approval for the proposed issuance of renounceable rights issue of new class C Islamic redeemable convertible preference shares (RCPS-i C) to its non-resident shareholders.

In a filing to Bursa Malaysia today, the property developer said it had also submitted an application to the Shariah Advisory Council of the Securities Commission Malaysia (SC) to seek its approval on the structure of the RCPS-i C.