Mudajaya Group secures additional RM190 Million banking facility

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Mudajaya Group secures additional RM190 Million banking facility

KUALA LUMPUR, May 30 – Mudajaya Group Bhd’s wholly-owned subsidiary, Mudajaya Corporation Bhd, has secured an additional banking facility of RM190 million from United Overseas Bank (Malaysia) Bhd.

“The facilities are performance guarantee (RM100 million), revolving credit (RM40 million), overdraft (RM10 million) and project revolving credit (RM40 million),” said Mudajaya Group in a filing to Bursa Malaysia Monday.

Mudajaya Corporation is involved in the civil engineering and building construction sectors and has an authorised and paid-up share capital of RM1.5 billion and RM284 million, respectively.

— BERNAMA


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