Hextar said the facility in the form of a Term Financing-i (Term-i) Commodity Murabahah shall be utilised for the purpose of part financing or reimbursing of up to 89.9% of the cash portion of the purchase price for 100% equity interest in Alpha Aim (M) Sdn Bhd and 100% equity interest in Chempro Technology (M) Sdn Bhd, respectively.
PETALING JAYA: Hextar Global Bhd
has accepted and executed an Islamic Financing Facility from OCBC Al-Amin Bank Bhd totalling RM89mil.
Hextar said the facility in the form of a Term Financing-i (Term-i) Commodity Murabahah shall be utilised for the purpose of part financing or reimbursing of up to 89.9% of the cash portion of the purchase price for 100% equity interest in Alpha Aim (M) Sdn Bhd and 100% equity interest in Chempro Technology (M) Sdn Bhd, respectively.
It said the financing under Term-i will be based on a floating rate and the tenure of the Term-i shall be for a period of five years to be repaid via 20 quarterly principal instalments with the first quarter instalment to commence three months from the date of the first disbursement.
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