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Malaysia's Hong Leong Industries redeems medium-term notes due 2015
By Marisa Wong
Madison, Wis., May 2 - Hong Leong Industries Bhd. announced that it redeemed its outstanding Islamic medium-term notes due April 30, 2015 on Wednesday.
The notes were issued under a RM 500 million Islamic paper/MTN program established in December 2007, which has now been canceled.
Hong Leong Industries is a holding company for semiconductor, motorcycle, ceramic tile and newsprint businesses. The company is a member of Kuala Lumpur-based Hong Leong Group. The group specializes in banking and financial services, manufacturing and distribution, property development and investments, hospitality and leisure and principal investment.
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