Luminor Financial Holdings Limited (SG:5UA) has released an update.
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Luminor Financial Holdings Limited has announced the issuance of RM5.45 million in redeemable preference shares through its subsidiary, Luminor Assets Berhad. This move is part of a larger RM500 million programme aimed at funding factoring, secured lending, and consumer financing operations. The shares, priced at RM1.00 each, will mature in November 2026 and offer dividends based on the overnight policy rate plus 5%.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.