Country Garden open to funding proposals, sukuk
China’s Country Garden Holdings Co Ltd said it’s open to funding proposals from various domestic and international financial institutions, which include the possibility of setting up a sukuk programme and issuances to partly fund its proposed projects including the Forest City project in Johor. The company is reported to be interested in raising as much as RM800 million from a sukuk issuance. Forest City will be a mixed development project consists of commercial, residential, educational, healthcare centres and recreational facilities including man-made sandy beaches. The construction work on the project started in midMarch 2015.
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