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Maybank facilitates RM2.4bil investments into JS-SEZ

Cover Image for Maybank facilitates RM2.4bil investments into JS-SEZ

The Johor-Singapore special economic zone is nearly twice the size of China’s Shenzhen, the city bordering Hong Kong, whose success Malaysia hopes to emulate.

KUALA LUMPUR: Malaysia’s largest lender, Malayan Banking Bhd facilitated as much as RM2.35 billion (US$545 million) in client investments into the Johor-Singapore special economic zone (JS-SEZ) as part of efforts to promote the region.

Maybank facilitated the submission of letters of intent by Singapore-headquartered clients Alpine Renewables and Edible Oils Pte Ltd, Centurion Corp and Thomson Medical Group Ltd into the JS-SEZ, according to a statement today.

Leaders of Singapore and Malaysia in January launched the zone that links the border region of both countries.

Tags:Alpine RenewablesCenturion CorpEdible Oils Pte LtdJohorJohor-Singapore Special Economic ZoneJS-SEZMalayan Banking BhdMaybankSingaporeThomson Medical Group Ltd


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