Maybank facilitates $545m in investments into Johor-Singapore SEZ

It has facilitated submission of Letters of Intent by Thomson Medical Group, etc.

Malayan Banking (Maybank) has facilitated as much as $545m in client investments into the Johor-Singapore Social Economic Zone.

Malaysia’s largest lender said that it facilitated the submission of Letter of Intents by Singapore-headquartered clients Alpine Renewables and Edible Oils Pte Ltd., Centurion Corp. and Thomson Medical Group Ltd. into the SEZ.

Maybank also said it signed a Letter of Intent with the Economy Ministry, under which it will facilitate financing for critical new technologies and infrastructure development.

The bank will also provide trade finance solutions, investment guarantees, and credit facilities to attract foreign direct investments.

The SEZ is nearly twice the size of China’s Shenzhen — the city bordering Hong Kong whose success Malaysia is hoping to emulate with the SEZ.

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