KUALA LUMPUR (March 23): Construction group Melati Ehsan Holdings Bhd has obtained a money-lending licence from the Housing and Local Government Ministry. 

The licence was issued to the group’s wholly-owned subsidiary, Melati Ehsan Capital Sdn Bhd, which is currently dormant.

The proposed nature of business for the subsidiary includes that of money-lending, financial agents and financiers in general, the group said in a filing to Bursa Malaysia today.

The licence, which is governed by Moneylenders Act 1951 and renewable every two years, is valid till March 14, 2020. 

Melati Insan shares were not traded today. They last closed at 68 sen, for a market capitalisation of RM81.16 million.