Luminor Financial Holdings Limited (SG:5UA) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.