DutaLand gets money lending licence

“The licence, under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003, enables SRDSB to undertake the business relating to money lending activities to enhance the income stream and financial position of the group, ” the company said in a filing with Bursa Malaysia.

KUALA LUMPUR: Property developer and commodity trader Dutaland Bhd, through wholly-owned subsidiary Sea Resorts Development Sdn Bhd (SRDSB), has secured a money lending licence from the Housing and Local Government Ministry.

“The licence, under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003, enables SRDSB to undertake the business relating to money lending activities to enhance the income stream and financial position of the group, ” the company said in a filing with Bursa Malaysia.