Thriven Global obtains RM15m credit facility to finance working capital needs

KUALA LUMPUR (Sept 4): Thriven Global Bhd has accepted a RM15 million credit facility from Bank Islam Malaysia Bhd to finance its working capital requirements.

In a bourse filing yesterday, the group said the one-year credit facility will also be used to help defray expenses from its Klang Valley development projects.

In addition, the credit facility will be used to settle subsidiary Bakat Stabil Sdn Bhd’s business financing facility with the bank.

As security, the group has pledged bungalow lots and a commercial land in Kulim, Kedah, owned by subsidiary Golden Cignet Sdn Bhd (GCSB).

Also pledged is an industrial land in Section 13, Petaling Jaya, owned by Bakat Stabil.

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. Bank Islam offers targeted repayment assistance for customers
  2. 重点报道:发展商将如何应对这一个10年?
  3. Taliworks' major shareholder increases stake in Thriven Global to 9.89%