PETALING JAYA: The Selangor State Development Corp (PKNS) plans to raise RM700mil in a sukuk issuance to finance some of its projects and to purchase land.
“We recently announced over RM14bil worth of new mega projects to be implemented over the next two to five years. PKNS needs to gear up more if we were to undertake these mega projects ourselves as their gross development value ranged between RM1bil and RM3bil each,” PKNS general manager Othman Omar told StarBiz.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
