Cypark plans RM500mil Sukuk issue for renewable energy projects 

KUALA LUMPUR: Cypark Resources Bhd is planning to issue up to RM500mil Islamic medium term notes with no maturity date (Sukuk Musharakah), as it seeks fresh funds for its renewable energy projects.

Proceeds from the proposed issuance of the perpetual Sukuk Musharakah will be utilised by wholly owned Cypark Renewable Energy Sdn Bhd to refinane existing borrowings, capital expenditure and working capital.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
cypark , renewable energy

Next In Business News
Tanco unit signs agreement with Ocean Bridge to operate Smart AI container port
Ringgit ends marginally lower against greenback
Resintech unit secures RM16 mil HDPE pipes contract in Cambodia
Ekovest, Lim Kang Hoo extend proposed CRSB acquisition to Jan 26
FBM KLCI breaks winning streak on profit-taking
China to rein in copper, alumina capacity expansion under next five-year plan
Record gold rally cools Indian buying; China discounts narrow
China's PBOC signals caution on rapid yuan gain as it nears key 7 mark
Asian equities eye strong weekly gains; Taiwan, S.Korea lead tech-driven surge
PETRONAS Gas announces revised RP3 gas tariffs

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.