The sukuk, which has a tenure of five years, will also be used for general corporate purposes of the group and/or of any joint ventures, as well as to refinance any existing borrowings.
Property developer Tanco Holdings Bhd has proposed to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).
Property developer NCT Alliance Bhd has proposed a private placement to raise up to RM48.37 million to fund property development activities and for working capital.
Maria Chin questions company's relentless pursuit of RM922m PJD Link despite protests from residents
PJD Link (M) signed a concession agreement with the Government on April 5 this year.
Beng Teik, 60, is also currently executive chairman of Ajiya Bhd, as well as non-independent non-executive chairman of Chin Hin Group Property Bhd and Signature International Bhd.
This is for years of assessment 2016 to 2019.
If a crew member is tested positive, he or she is required to undergo a seven-day hotel/home quarantine in the country or until the next flight scheduled.
Gan acquired 8.42 million shares in the the LEAP Market-listed technology-based company.