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Tuesday, July 21, 2009

UEM Land looking at funding options

UEM Land Holdings Bhd is exploring various funding options including issuance of convertible bonds, to raise funds for its ongoing development activities in Nusajaya, Johor.

“However, no decision has been made by the board of directors on any of these funding options,” it told Bursa Malaysia in response to reports that it plans to issue some RM550 million in convertible bonds.

By Business Times

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