Luminor Financial Holdings Limited (SG:5UA) has released an update.
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Luminor Financial Holdings Limited, through its subsidiary Luminor Assets Berhad, has issued RM7.85 million in redeemable preference shares, as part of a larger RM500 million program aimed at funding operations in factoring, secured lending, and consumer financing. The shares, priced at RM1.00 each and maturing on September 26, 2026, offer dividends tied to Malaysia’s overnight policy rate plus a 5% margin, dependent on the company’s distributable profits and compliance with Malaysian law.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.