Saturday, December 17, 2011

L&G property unit gets RM90mil credit facility

KUALA LUMPUR: Land & General Bhd (L&G) subsidiary Sri Damansara Sdn Bhd has secured RM90mil credit facility from OCBC Bank (Malaysia) Bhd.

The facility was to enable the company to undertake a condominium project, called Damansara Foresta in Bandar Sri Damansara, and for general working capital, it said in a filing with Bursa Malaysia.

Sri Damansara, a property development company, has an issued capital RM69mil.

By Bernama

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