KUALA LUMPUR, Nov 6 (Bernama) -- SME Bank is in the midst of discussion
with Bumipitera Agenda Steering Unit (Teraju) for a possible additional
funds injection into the Teras (High-Performing Bumiputera Companies)
Funding programme.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=707492
Published: November 07, 2012
SME Bank Managing Director Datuk Mohd Radzif Mohd Yunus said from the
total of RM500 million Teras fund that has been allocated earlier, some
RM190 million have been approved for 16 applications under the
programme.
"The initial funds required for the remaining 104 potential companies
under Teraju is expected to be around RM470 million. However, not all
the potential companies need the fund.
"Currently, we still have sufficient funds. We have met all the 120
potential companies and we are currently reviewing 29 applications from
the remaining 104 companies to be awarded with the remaining RM310
million funds," he told reporters after the signing of a collaboration
agreement with Teraju, here Tuesday.
-- BERNAMA
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