Kuala Lumpur, March 24 - Maybank Islamic Bhd, HSBC Amanah Malaysia Bhd and RHB Islamic Bhd had successfully concluded the seven-year, RM610 million Syndicated Commodity Murabahah Term Financing-i Facility for Columbia Asia Sdn. Bhd. (CASB).
Maybank Islamic was also appointed as the Shariah Adviser while Maybank Investment Bank Bhd was appointed as the Facility Agent and Security Agent for the Islamic Facility.
Kuala Lumpur, March 23 – PETRONAS Carigali Sdn Bhd has awarded Uzma Berhad’s subsidiary, Uzma Engineering Sdn Bhd (UESB), a contract for the Provision of Fishing Equipment and Services.
This contract will run for a duration of two (2) years, commencing from February 2017 to February 2019, with an extension option of one (1) year (2+1 years) for fishing services across PETRONAS Carigali’s area of operations.
Langkawi, March 21 - UMW Land Sdn. Bhd. (UMW Land) has inked a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to explore areas of co-operation and collaboration with regards to the industrial development of UMW’s land-bank in Serendah.
UMW’s initiative to create a High Value Manufacturing Park is focused mainly on strengthening the aerospace and other industries related to smart manufacturing. The park, located next to an automotive manufacturing facility, consists of 861 acres of land as well as commercial and residential developments at the northern part of the site. This mixed development project will feature UMW Aerospace’s production facility of aero-engine fan cases for Rolls-Royce. The newly-completed facility is expected to be the premier and integral constituent of the park, and will act as a catalyst to draw in other high value investments.