Tabung Haji asset transfer as part of rescue, restructuring plan completed — Urusharta Jamaah

Tabung Haji asset transfer as part of rescue, restructuring plan completed — Urusharta Jamaah

The Edge Markets - Malaysia·2019-11-14 16:01

KUALA LUMPUR (Nov 14): Urusharta Jamaah Sdn Bhd (UJSB), a wholly-owned subsidiary of the Ministry of Finance, has completed the transfer of non-performing assets held by Lembaga Tabung Haji (LTH) as a part of LTH's rescue and restructuring plan.

In a statement today, UJSB said the transaction, which was completed on Dec 28, 2018, involved a transfer of assets with a market value of RM9.63 billion from LTH to UJSB in exchange for RM19.9 billion, consisting of two tranches of Sukuk totalling RM19.6 billion and RM300 million respectively in cash payable to LTH.

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