By Marisa Wong
Morgantown, W.Va., July 10 – Scientex Bhd. said its wholly owned subsidiary, Scientex Quatari Sdn. Bhd., issued RM 200 million sukuk on Tuesday.
This is the second issuance under the company’s RM 500 million sukuk program.
Proceeds will be used in part to finance land acquisitions.
Based in Shah Alam, Malaysia, Scientex manufactures industrial stretch film and consumer packaging products.
| Issuer: | Scientex Quatari Sdn. Bhd.
|
| Issue: | Sukuk, second issue
|
| Amount: | RM 200 million
|
| Settlement date: | July 10
|
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