P.A. Resources Units Secure MYR255 Million Banking Facilities
MT Newswires Live
Sep 08
P.A. Resources (KLSE:PA) subsidiaries secured additional banking facilities worth 255.5 million ringgit to fund working capital and a new plant, according to a Monday Bursa Malaysia filing.
The fabrication group's subsidiary, P.A. Extrusion (M) accepted a 205.5 million ringgit conventional facility from AmBank, while Professional Aluminium Smelting was granted a 50 million ringgit Islamic facility from AmBank Islamic.
The facilities will fund additional working capital for an existing plant and the construction of a new plant, along with the acquisition of machinery.
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