KUALA LUMPUR (Bernama) -- Mah Sing Group Bhd
plans to issue up to RM100 million nominal value of seven-year redeemable convertible sukuk murabahah for investments and working capital purposes.
In a filing with Bursa Malaysia today, the property developer said the Islamic medium-term notes may be issued on a direct or private placement on a best effort basis without a prospectus to investors.
"The sukuk murabahah can be converted into new ordinary shares in Mah Sing from the issue date of the sukuk until the maturity date,” it said.
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