Puncak Niaga unit to raise RM300mil via sukuk

PETALING JAYA: Puncak Niaga Holdings Bhd’s indirect subsidiary, Danum Sinar Sdn Bhd (DSSB), has proposed to the Securities Commission (SC) (pic) the establishment of an Islamic medium-term notes programme (sukuk murabahah) of up to RM300mil in nominal value.

DSSB is a wholly-owned subsidiary of Danau Semesta Sdn Bhd, which is 90%-owned by Murni Estate Sdn Bhd, which in turn is a wholly-owned subsidiary of Puncak Niaga.