Labuan, Friday, 23 September 2005 – The Labuan International Financial Exchange (LFX) awarded its
Listing Sponsors which have significantly contributed towards the development of the Exchange for year 2005. The recipients are AmInternational (L) Limited (AMIL) and CIMB
(L) Limited (CIMB). Datuk Zamani Abdul Ghani, Deputy Governor Bank Negara Malaysia, presented the awards at the Labuan Offshore Industry Annual Dinner in Labuan International
Offshore Financial Centre (IOFC).
“Its important that we give recognition to deserving market participants that have contributed towards the development of the LFX. With 32 instruments listed on LFX
today, market capitalisation has grown to USD12.09 billion (market cap as at Thursday,22nd), said Chairman of LFX Board Yusli Mohamed Yusoff, who is also the Chief Executive
Officer of Bursa Malaysia Berhad.
“We hope all other Listing Sponsors will enhance their participation on their exchange and aggressively promote the issuance of more Islamic and conventional investment
instruments on the offshore exchange. There are many benefits that an issuer can enjoy at the IOFC.”
A Listing Sponsor is primarily responsible in arranging for the listing of instruments on the LFX and any subsequent post listing obligations. The LFX Outstanding Listing
Sponsors award is expected to be an annual affair in conjunction with the Labuan Offshore Industry Annual Dinner.
About the award recepients:
AmInternational (Labuan) Limited (AMIL) was established in 1995 (then known as AMMB International (L) Ltd) in Labuan IOFC and was granted Listing Sponsor
licence by LFX in 2001. The outstanding performance of AMIL is evidenced by the number of instruments listed on the LFX since its establishment as a Listing Sponsor. As
at August 2005, AMIL has listed 12 instruments on the exchange. Its progress recorded an increasing growth over the years. Among the notable instruments listed
are Sukuk Al-Ijarah Trust Certificates by Malaysia Global Sukuk Incorporated, Federation of Malaysia Notes, TM Global Incorporated Guaranteed Notes, IOI Ventures (Labuan)
Berhad and Sarawak International Incorporated Guaranteed Notes. AMIL also is working on a number of listings in the pipeline.
CIMB (L) Ltd was established in 2001 in Labuan IOFC and was granted Listing Sponsor license by LFX in 2002. As at August 2005, CIMB has listed 9 instruments
on the exchange. Among the instrument are Sukuk Trust Certificates by Qatar Global Sukuk QSC, Guaranteed Notes due 2009 and 2014 by MISC Capital (L) Limited, Guaranteed
Exchangeable Notes by Feringghi Capital Ltd (Khazanah Nasional), and Fixed Rate Guaranteed Notes Due 2015 by TNB Capital (L) Ltd. CIMB is also working on few instruments
to be listed on the LFX.
About Labuan International Financial Exchange (LFX):
LFX is an international offshore financial exchange based in Labuan, the international offshore financial centre of Malaysia. LFX is web-based at www.lfx.com.my and utilise international networking and electronic communication systems to facilitate exchange listing and trading facilities. LFX facilitates the listing of both conventional and Islamic multi-currency financial instruments and allows the issuer the flexibility to structure instruments for listing that best suit their funding needs. LFX is a company limited by shares and is wholly-owned by Bursa Malaysia Berhad. |
