In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3.
PETALING JAYA: PRPC Polymers Sdn Bhd, a wholly owned subsidiary of Petronas Chemicals Group Bhd
(PetChem), has executed a bridge loan agreement of US$1bil (RM3.92bil) from various local and international banks.
According to a Bursa Malaysia filing yesterday, the said proceeds will be utilised to fund part of the project cost and will include reimbursement of project costs already incurred by PetChem.
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