These include its most recent issuance of RM300 million three-month conventional commercial papers (CCPs) and RM305 million three-month Islamic commercial papers (ICPs).
The platform will provide assistance to SMEs and homebuyers who have failed to secure financing.
Wisma MCA sits on a freehold plot measuring 4,955 sq m or 53,335 sq ft, and was registered in the name of MCA in 1983.
“George Kent and MRCB have a difference of opinion in the interpretation of certain provisions of the shareholders’ agreement (SHA) with regard to the options for securing of the financing requirements for the JV company,” said George Kent.
Based on tender documents inviting bids for jobs displayed on BNM’s website, it appears that the plans to redevelop the site had commenced about two years ago.
"The BNM cut will likely be due to the continued lowering of a bamboo curtain between the US and China.”
Yu said she only took instructions from Nik Faisal, who is the mandate holder of Najib’s accounts with the bank.
The fresh capital will be injected into Scomi by underwriting the proposed rights issue which is fixed at 18 sen per share.
The company’s talks with the lender are still at an early stage and there is no guarantee a deal will happen.
“The state can be a progressive institution that can bring about [a] ‘helping hand’ to nurture domestic investments and foster the transfer of technologies." said Dr Edmund.
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