?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday
KUALA LUMPUR: Chemical Company of Malaysia Bhd's unit (CCM) has secured RM50mil in financing facility from OCBC Al-Amin Bank Bhd for the first plant of its Pasir Gudang reactivation project.
CCM said on Monday CCM Chemicals Sdn Bhd (CCMC) had entered into an agreement with OCBC Al-Amin Bank to accept Islamic financing facility for the amount.
The facility comprised a revolving credit facility-i commodity murabahah of RM5mil; foreign currency term financing-i commodity murabahah of US$11.95mil and derivatives transactions line which consist of profit rate swap-i and cross currency swap-i of US$11.95mil.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
