KUCHING: Sarawak Oil Palms Bhd (SOP) will provide corporate guarantee for banking facilities of up to RM145mil from two banks for its wholly-owned subsidiary, SOP Edible Oils Sdn Bhd.
SOP had agreed to stand as corporate guarantor for SOP Edible Oils in respect of financing of up to RM110mil from Export-Import Bank of Malaysia Bhd. This includes a line of Islamic financing facility under pre-shipment supplier financing-i of up to RM100mil and forward foreign exchange-i facility of up to RM10mil, SOP said in a filing with Bursa Malaysia.
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