Thursday December 24, 2009
Ingress seeks extension for sukuk
KUALA LUMPUR: Ingress Sukuk Bhd (ISB) has issued a notice to the holders of the sukuk convening a meeting of sukukholders on Jan 6, 2010 to consider an extraordinary resolution to extend the maturity date of the first tranche of the sukuk due on Jan 9, 2010 to July 9, 2010 to enable the company to finalise the restructuring plan for the sukuk.
Rating agency MARC in July downgraded its rating on Ingress Sukuk’s RM160mil Sukuk Al Ijarah to DIS from CIS. — Reuters