RM50mil financing for CCM subsidiary


Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.

KUALA LUMPUR: Chemical Co of Malaysia Bhd’s (CCM) wholly owned subsidiary, CCM Chemicals Sdn Bhd (CCMC), has accepted an Islamic financing facility of RM50mil from OCBC Al-Amin Bank Bhd.

The fund is to part finance its Pasir Gudang Works Plant 1 (PGW1) reactivation project.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , CCM

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