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 BR Capital - JV Between Bursa Malaysia and RAM

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virulence
post Sep 27 2024, 03:50 PM

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Apparently they have a new campaign:

Project Everest - Tranche 1
The Issuer proposes to issue a 3-year Investment Note with an indicative profit rate of 7.0% p.a. to partially fund its working capital and capital expansion requirements in relation to the assembly contracts with Great Wall Motor Sales Malaysia Sdn Bhd (“GWM”) and BAIC International Development Co., Ltd. (“BAIC”). The Issuer has been appointed by GWM and BAIC to manufacture and assemble right-hand drive vehicles for local and export markets. The Issuer intends to build a RM100 million state-of-the-art Completely Knocked Down (CKD) facility in Melaka to be developed in phases to scale up its manufacturing and assembly operations dedicated to energy efficient vehicles and electric vehicles. The overall development is poised to create around 1,000 new job opportunities in the state. The Issuer intends to raise RM20 million through BR Capital for Phase 1 of the development, with the 1st tranche of up to RM5.0 million
virulence
post Oct 5 2024, 04:11 PM

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Junior Member
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Joined: Sep 2011
QUOTE(C_ST @ Sep 30 2024, 10:16 AM)
The lastest Project Everest - Tranche 1 seems promisable, as the based company is a listed company and the Note is R3 Ram rating, just bet some money in to test water...

Btw, min is RM100, min 3% admin fees or RM500 max.
Just create an account with BR Capital, after having account will have more information to see
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Since Tranche 1 funding for this project isn't completely grabbed up, I wounder if they are going to have Tranche 2 with higher yields.

 

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