Sukuk redemption marks positive step for Cypark Resources


Cypark Resources Bhd’s retirement of its perpetual sukuk is a positive sign that the company is making progress in stabilising its financial position.

The full redemption of its outstanding Tranche 1 perpetual sukuk musharakah amounting to RM235mil also offers hope to remaining holders of Cypark’s perpetual sukuk that redemption could be on the cards.

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