Puncak Niaga Holdings Bhd announced that it expects to receive MYR 165 million in funding.
On March 22, 2013, the company announced that the sukuk ijarah is convertible into 165,000,000 new shares of the company.
On May 28, 2013, the company announced that the transaction was approved at the extraordinary general meeting of the company.
On June 28, 2013, the company announced that the sukuk ijarah is convertible at MYR 2 per share.
On August 7, 2013, the board of directors of the company announced that the trust deed was signed between the company and the trustee.