TAMCO CORPORATE HOLDINGS BHD'S proposal to issue up to RM80mil nominal value of Bai' Bithaman Ajil serial bonds has been approved by the Securities Commission.
Up to RM60mil from the proceeds will be used for part settlement of the inter-company loans due to Tamco's parent, Nylex (M) Bhd. The balance will be used to meet Tamco's working capital requirements and the issuance expenses of the proposed fund raising exercise.
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