The Royal Bank of Scotland Group plc (RBS) hopes to advise foreign clients to issue four to six ringgit-based sukuk over the next 12 months while it concentrates on building its wholesale banking business in Malaysia.
The clients will be from Europe and Central Asia, RBS officials said without giving specific details.
Malaysia’s IOI Corp to raise $1.50 bil-The Star---- Petronas Gas Bhd will spend some $324.6 mil (1 billion ringgit) to build its regasification terminal in Lahad Datu, Sabah.
Managing director and chief executive office Samsudin Miskon said the capital expenditure (capex) for the facility, which will convert liquefied natural gas (LNG) into gas, includes land and construction expenses - The Edge Financial Daily. ---- French trading house Louis Dreyfus and Malaysia’s top dealmakers, tycoon Quek Leng Chan and former stockbroker Chua Ma Yu, have emerged as cornerstone investors for the $3.3 bil (10.16 billion ringgit) listing of Felda Global Ventures Holdings Bhd (FGVH), a cast of strategic investors the government hopes will boost sentiment for the public offering which faces hostile market conditions - The Edge Financial Daily. ---- NOTE: Reuters has not verified these stories and does not vouch for their accuracy.