Asia Brands to raise RM100m from sukuk
17 Mar 2015 / 05:38 H.
PETALING JAYA: Asia Brands Bhd has proposed to raise RM100 million through the issuance of 15-year Islamic notes. In a filing with Bursa Malaysia, Asia Brands said proceeds will be used for syariah-compliant purposes only, including financing investments, capital expenditure, working capital and other corporate purposes.
The sukuk is non-transferable and non-tradeable.
Asia Brands is involved in trading and retailing of baby wear, baby care and related products, and casual wear and innerwear