LBS Bina plans Sukuk programme for housing devt project

KUALA LUMPUR: LBS Bina Group Bhd share price unchanged at 48 sen at midday Monday, July 12, ahead of proposed multi-million ringgit Sukuk programme to finance its housing development projects.

At 12.06pm, unchanged at 48 sen, off early high of 49.5 sen with 88,200 shares done.

MIMB Investment Bank Bhd to sign with LBS Bina on Tuesday to be its principal adviser and lead arranger for Sukuk programme.

The Islamic securities issuance will be guaranteed by Danajamin Nasional Bhd, the nation's first financial guarantee insurer.