LBS Bina Group Bhd enters into framework agreement with Stone Master Corporation Bhd

LBS Bina Group Bhd enters into framework agreement with Stone Master Corporation Bhd

KUALA LUMPUR, Nov 12 — LBS Bina Group Bhd has entered into a framework agreement with Stone Master Corporation Bhd to provide its products with interest free vendor financing services of up to RM300 million for 18 months.

Stone Master is an investment holding company with its subsidiaries engaging in the import, manufacturing, trading and undertaking contracts of natural stones, ceramic tiles, sanitary wares and other building finishing materials.

In a filing to Bursa Malaysia today, LBS said the agreement was timely as it met the group’s operating cash flow plan, with favorable deferred payment terms of 60 months with no interest charges.

“The agreement will allow the company to have more options to select various high-end premium products and services at competitive prices and produced by Stone Master under its existing exclusive agencies,” it added.

— BERNAMA

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