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KLCC Property Unit Plans 880-Million Ringgit Islamic Bond Sale

Midciti Resources, a 50.5 percent-owned subsidiary of Malaysian developer KLCC Property Holdings Bhd., said it plans to raise as much as 880 million ringgit through an Islamic bond sale.

Proceeds will be used to replace existing debt and for working capital, it said in a Kuala Lumpur stock exchange filing today.

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