RM1.7bil financing for Hengyuan

PETALING JAYA: Hengyuan Refining Co Bhd has secured financing facilities worth US$430mil (RM1.7bil) to fund the planned upgrades and maintenance of its refinery.

The refiner, formerly Shell Refining Co (Federation of Malaya) Bhd, signed bilateral agreements with three banks – Ambank (M) Bhd-Labuan Offshore Branch, China Construction Bank (M) Bhd and Maybank International Labuan Branch – for the financing.