’S proposed RM175mil seven-year Al Murabahah commercial paper/medium term notes programme. It said the ratings reflected Mieco’s well-established market position as indicated by its 30-year track record, wide product range, favourable financial profile and reputation as Malaysia’s largest particle board producer.
Mieco has proposed to establish a new RM300mil particle board plant in Kechau Tui industrial estate in Kuala Lipis, Pahang, as its current revenue growth is constrained by production capacity.
RAM said the management was viewed to be prudent in financing the expansion as almost half of the required capital expenditure would be funded internally. – Bernama
SKS Power has been granted a licence to construct, operate and own a 2, 100-MW coal-fired power plant at Tanjung Bin in Johor state for 25 years from Aug 31, 2006.
The first unit of the plant is expected to be operating commercially from Aug 31, 2006, while the second and third units are expected to come on-stream at subsequent six-monthly intervals.
“Setting the precedent, SKS Power is the first independent power producer (IPP) in Malaysia to bear an element of demand risk under its power purchase agreement (PPA) with Tenaga Nasional Bhd,” RAM said in a statement. – AFX
It said the ratings reflected Mieco’s well-established market position as indicated by its 30-year track record, wide product range, favourable financial profile and reputation as Malaysia’s largest particle board producer.
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