PETALING JAYA: Puncak Niaga Holdings Bhd
’s indirect subsidiary, Danum Sinar Sdn Bhd (DSSB), has proposed to the Securities Commission (SC) (pic) the establishment of an Islamic medium-term notes programme (sukuk murabahah) of up to RM300mil in nominal value.
DSSB is a wholly-owned subsidiary of Danau Semesta Sdn Bhd, which is 90%-owned by Murni Estate Sdn Bhd, which in turn is a wholly-owned subsidiary of Puncak Niaga.
The sukuk murabahah programme, which has a perpetual programme tenure, provides DSSB with the flexibility to issue, from time to time, rated and/or unrated sukuk murabahah subject to the aggregate outstanding nominal value of RM300mil.
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