The company is in the midst of arranging a syndicated term loan and six banks have expressed interest, most of them Malaysians, says its senior general manager of finance. UEM Land Sdn Bhd is looking to raise RM875 million through a five-year syndicated term loan facility to finance its projects at Nusajaya in Johor, its top executive said.The soon-to-be-listed property unit of UEM World Bhd is the master developer of Nusajaya, Malaysia's biggest property project."We're going to the market to seek some funding for working capital requirements," managing director Wan Abdullah Wan Ibrahim told Business Times in an interview. Read more>
(New Straits Times 25-2-2008)
