KUALA LUMPUR: The Sukuk holders of MEX I Capital Bhd has approved the restructuring of its RM1.35bil Islamic medium term note programme at its virtual EGM on Wednesday.

       It said on Thursday the approval marks a significant milestone in MEX 1 Capital’s group-wide Sukuk restructuring.

       “We are extremely grateful for the overwhelming support and understanding shown by the Sukukholders. The resolutions from today’s EGM mark a new beginning for MEX I Capital," said MEX I Capital managing director Mohd Faiq Abu Sahid.

       He pointed out that due to the Covid-19 pandemic, every major highway was affected by the lockdowns and restrictions.

       He described the restructuring of the company’s Sukuk programme as a timely and important exercise.

       New Paradigm Capital Markets Sdn Bhd is the financial adviser for the restructuring exercise whilst Alliance Investment Bank Bhd is the principal adviser/lead arranger and Messrs Adnan Sundra & Low is the legal adviser.