IWH inks RM371mil financing deal with CIMB for Bandar Malaysia

From left: IWH executive vice chairman Tan Sri Lim Kang Hoo, IWH group executive director Lim Chen Herng, CIMB Group head of corporate banking Lo Nyen Khing, group CEO of CIMB Group Tengku Datuk Seri Zafrul Aziz and China Railway Dongfang Group chairman Chen Zhi Gong.

KUALA LUMPUR: Iskandar Waterfront Holdings Sdn Bhd (IWH) has signed a RM371mil facility agreement with CIMB Bank Bhd for its participation in the Bandar Malaysia project.

IWH will use the facility to part finance the investment by IWH-CREC, the consortium between IWH and China Railway Group Ltd (CREC), which is investing 60% in the project.