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Luminor Financial Holdings Limited ( (SG:5UA) ) has provided an update.
Luminor Financial Holdings Limited has announced that its indirect wholly owned subsidiary, Luminor SPV 1 Sdn Bhd, has issued and allotted Tranche 3 of redeemable preference shares under its 2026 SPV 1 RPS Programme, amounting to RM5.65 million at RM1.00 per share and maturing on 30 April 2028. The proceeds will be advanced to SAPM to support working capital needs and expand the Group’s financial solutions and factoring business in Malaysia, with the RPS offering a cumulative dividend linked to Malaysia’s overnight policy rate plus a fixed margin, and featuring secured advances, non-transferability and no stock exchange listing.
The RPS structure includes mandatory redemption at maturity at par value and allows for investor-initiated early redemption under specified conditions, with partial dividends paid on early exit, subject to the issuer’s ability to redeem. Each advance to SAPM will be secured by an assignment of receivables at least equal to the advance amount, aiming to manage credit risk while providing funding flexibility, which may strengthen Luminor’s balance sheet and support its competitive positioning in the Malaysian factoring market.
More about Luminor Financial Holdings Limited
Luminor Financial Holdings Limited is a Singapore-incorporated financial services group that operates through subsidiaries to provide financial solutions, including factoring services. The company has a growing presence in Malaysia, where it focuses on offering working-capital-related products to businesses through specialised financing platforms.
Average Trading Volume: 215,491
Technical Sentiment Signal: Hold
Current Market Cap: S$17.08M
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