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 the second tranche of redeemable preference shares, totaling RM10.2 million, as part of its RM500 million RPS Programme. These shares, with a maturity date of August 21, 2026, will support the company’s factoring, secured lending, and consumer financing businesses. The shares will carry a bi-annual cumulative dividend based on the Malaysian overnight policy rate plus 5%, conditional on profit availability and compliance with the Malaysian Companies Act 2016.

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