Luminor Issues New Tranche of Preference Shares

Luminor Financial Holdings Limited (SG:5UA) has released an update.

Luminor Financial Holdings Limited, through its subsidiary Luminor Assets Berhad, has issued a second tranche of redeemable preference shares valued at RM8.2 million under its RM500 million RPS Programme. These shares, with a maturity date of 29 May 2026, will support the financial operations of LCM Operating Entities in factoring, secured lending, and consumer financing. Shareholders are set to receive a bi-annual dividend based on a formula that includes the Malaysian overnight policy rate plus an additional 5%.

For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.