Luminor Financial Holdings Limited (SG:5UA) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
