Adnex (KLSE:ADNEX) unit Adnex Interior Solution secured a 4 million ringgit banking facility from Public Investment Bank on Friday.
The facility comprises a Banker's Acceptance (BA) facility and a Banker's Guarantee (BG) sublimit of 1 million ringgit, according to a Friday filing.
The BA facility has a 120-day tenure and will be used for working capital, while the BG facility is for tender and performance guarantees.