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, through its subsidiary Luminor Assets Berhad, has issued a second tranche of redeemable preference shares valued at RM8.2 million under its RM500 million RPS Programme. These shares, with a maturity date of 29 May 2026, will support the financial operations of LCM Operating Entities in factoring, secured lending, and consumer financing. Shareholders are set to receive a bi-annual dividend based on a formula that includes the Malaysian overnight policy rate plus an additional 5%.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.