KLSE:AEONCR

4 stories mentioning KLSE:AEONCRUpdated 31d ago

Every FINWIRES story that references KLSE:AEONCR, newest first.

AEON Credit Service Issues MYR200 Million Tranche of Islamic Commercial Papers

AEON Credit Service (KLSE:AEONCR) has issued its 12th tranche of 200 million Malaysian ringgit Islamic commercial papers (Sukuk Wakalah) with a tenure of 92 days, according to a Wednesday filing to the Malaysian bourse.This facility is part of a larger ongoing Islamic commercial papers program used to fund Shariah-compliant consumer loans and refinancing facilities. It is scheduled to mature on Oct. 15.Sukuk Wakalah shall be used for Shariah-compliant purposes, including providing consumer financing based on Shariah principles, the financing expenses relating to the Sukuk Wakalah, and to refinance any existing and future Islamic financing facilities of the issuer.The company's shares were up nearly 1% in Thursday's trade.

KLSE:AEONCR

Asia38d ago

Malaysian Shares Pare Gains Despite Central Bank's Decision to Keep Policy Rates Unchanged

Malaysian shares ended in the red on Thursday, snapping yesterday's gains. Investor sentiment turned cautious despite Bank Negara Malaysia's decision to hold the interest rate at 2.75%, as expected.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 5.97 points to end 0.4% lower at 1,677.64.In economic news, Bank Negara Malaysia (BNM) voted to maintain its benchmark Overnight Policy Rate at 2.75% at the conclusion of its Monetary Policy Committee (MPC) meeting on Thursday. The decision, which matched the consensus forecast tracked by Investing.com, keeps borrowing costs at their current level after keeping the rate unchanged in its previous policy move as well.Malaysia's Industrial Production Index rose 8.4% year over year in May, according to data from the Department of Statistics Malaysia (DOSM). The pace of growth accelerated from the 8.2% increase recorded in the previous month. However, the latest reading missed the consensus forecast of a 9.5% increase tracked by Investing.com.In corporate news, shares of Infomina (KLSE:INFOM) jumped over 5% on Thursday's close after it bagged a 21.1 million ringgit contract from Jabatan Pengangkutan Jalan to provide technology infrastructure operations, maintenance and support services.AEON Credit Service (M)'s (KLSE:AEONCR) profit attributable to shareholders jumped 23% to 95.2 million ringgit in the fiscal first quarter ended May 31, from 77.5 million ringgit a year earlier.

FTSE Bursa Malaysia KLCIKLSE:AEONCRKLSE:INFOM

Asia38d ago

AEON Credit Service (M)'s Profit Rises 23% in Fiscal Q1

AEON Credit Service (M)'s (KLSE:AEONCR) profit attributable to shareholders jumped 23% to 95.2 million ringgit in the fiscal first quarter ended May 31, from 77.5 million ringgit a year earlier.Basic earnings per share jumped to 0.1864 ringgit from 0.1519 ringgit a year ago, according to a Thursday Malaysian bourse filing.Revenue grew 8% to 647.6 million ringgit from 600.0 million ringgit a year ago, the department store operator said.The board did not recommend a dividend for the period.

KLSE:AEONCR

Asia52d ago

AEON Credit Service (M) Unit Pays Fine Over Sanctions Violations

Malaysia's central bank said AEON Credit Service (M) (KLSE:AEONCR) paid a 520,000 ringgit penalty on April 16 for failing to comply with targeted financial sanctions regulations.In a Wednesday press release, the central bank said a supervisory review found that the lender had allowed a customer on Malaysia's domestic sanctions list to open an account and did not block the application despite identifying a match. It also failed to promptly freeze the account after confirming the customer's sanctioned status.The regulator attributed the breaches to inadequate staff oversight and gaps in internal procedures.AEON Credit has since strengthened its operating procedures and conducted additional staff training to improve compliance.

KLSE:AEONCR

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