KUALA LUMPUR: Kelington Group Bhd’s 94%-owned subsidiary, Ace Gases Sdn Bhd, has signed a RM25mil project financing facility agreement with Malaysia Debt Ventures Bhd (MDV).
Under the scope of the agreement, MDV will provide the financing facility to partly fund the group’s expansion in the manufacturing of liquid carbon dioxide (CO2), which includes the purchase of equipment and construction of a new manufacturing plant in Kerteh, Terengganu.
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