Aluminium products maker Winstar Capital wants to raise up to RM300 million through a new sukuk programme, roughly 1.5 times its own market value. Its latest quarter saw revenue jump by a third, but profit grew just 3 per cent, and its factory expansion is running behind schedule. In June, its second-biggest shareholder, solar firm Sunview, sold its entire stake at a discount. We speak to Lee Yong Zhi, Executive Director and Chief Operating Officer of Winstar Capital, about why profit hasn’t kept up with sales, what the new borrowings will fund, and what Sunview’s exit means for the company.

<p>Aluminium products maker Winstar Capital wants to raise up to RM300 million through a new sukuk programme, roughly 1.5 times its own market value. Its latest quarter saw revenue jump by a third, but profit grew just 3 per cent, and its factory expansion is running behind schedule. In June, its second-biggest shareholder, solar firm Sunview, sold its entire stake at a discount. We speak to Lee Yong Zhi, Executive Director and Chief Operating Officer of Winstar Capital, about why profit hasn’t kept up with sales, what the new borrowings will fund, and what Sunview’s exit means for the company.</p>

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