Luminor Financial Holdings Limited (SG:5UA) has released an update.
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Luminor Financial Holdings Limited has announced the issuance of RM12.7 million in redeemable preference shares, as part of a larger RM500 million program to support its subsidiary Luminor Assets Berhad. These shares will mature on March 15, 2026, and the proceeds will be used to fund disbursement requirements for its operating entities in various financing businesses. The shares will carry a cumulative dividend, based on Malaysia’s overnight policy rate plus an additional 5%, payable bi-annually.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.