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.
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