KUALA LUMPUR (Dec 31): CIMB Investment Bank Bhd, which is the facility agent for highway operator MEX II Sdn Bhd’s RM1.3 billion Islamic bonds or sukuk, said 14 tranches of the securities have been suspended because CIMB has not received payment of the amounts due on Friday (Dec 31) under the outstanding sukuk which was issued under the Murabahah principle.
In a filing with Bank Negara Malaysia’s Fully Automated System for Issuing/Tendering (FAST) website, CIMB said: "Please be informed that we, as the facility agent, have not received payment of the amounts due on Dec 31, 2021 under the outstanding sukuk Murabahah.
"As such, the following stock codes have been suspended:
- Tranche No 1 (stock code: VI160132)
- Tranche No 2 (stock code: VJ160133)
- Tranche No 3 (stock code: VK160134)
- Tranche No 4 (stock code: VL160145)
- Tranche No 5 (stock code: VM160135)
- Tranche No 6 (stock code: VN160136)
- Tranche No 7 (stock code: VO160137)
- Tranche No 8 (stock code: VP160138)
- Tranche No 9 (stock code: VQ160139)
- Tranche No 10 (stock code: VR160140)
- Tranche No 11 (stock code: VS160141)
- Tranche No 12 (stock code: VT160142)
- Tranche No 13 (stock code: VU160143)
- Tranche No 14 (stock code: VV160144)"
Diversified group Maju Holdings Sdn Bhd owns MEX II, which was established to undertake the proposed estimated 18km Putrajaya-KLIA Highway, which is intended to be a three-lane dual carriageway that will start at Maju Expressway’s (MEX) Putrajaya Interchange and merge onto the existing KLIA Highway, according to group’s website.
Besides MEX II, Maju Holdings also owns Maju Expressway Sdn Bhd (MESB), which operates the 26km MEX in the Klang Valley as a highway concession company, and is responsible for the construction, maintenance, management and operation of the highway.
MESB’s website indicates that MEX links Putrajaya and Cyberjaya with Kuala Lumpur. "MEX is operated by MESB, the concessionaire that has been awarded a 33-year concession to operate the dual carriageway,” MESB said.
Maju Holdings indicates on its website that the diversified group’s businesses include construction, property development and healthcare services.
"Established in 1977, the Maju Group under the stewardship of group executive chairman Tan Sri Abu Sahid Mohamed has diversified into synergistic areas of business, forming one of the most well-known conglomerates in Malaysia. It has participated in several key sectors of growth in the country, notably in construction, property, infrastructure, services and manufacturing,” Maju Holdings claimed.