“The sukuk wakalah programme will provide us with adequate funds for our working capital and capital expenditure requirements, in support of the ongoing expansion of our international operations, ” Brandon Tay Hoe Lian, managing director and CEO of GCB, said in a press release. (File pic shows Tay with some Guan Chong products.)
PETALING JAYA: The world’s fourth largest cocoa grinder Guan Chong Bhd
(GCB) is undertaking a sukuk exercise for its future expansion plans.
It is establishing an Islamic medium term notes programme (sukuk wakalah) of up to RM800mil in nominal value.
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