Sukuk to raise RM800mil for cocoa grinder

“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.