Parkson Credit raises RM150m through HSBC facility

HSBC Malaysia and Parkson Credit at a signing ceremony to announce HSBC Malaysia’s provision of RM150mil financing to Parkson Credit. Omar Mahmoud, Head of Global Banking, HSBC Malaysia (second from left), Christina Cheah, Head of Large Local Corporates, Global Banking, HSBC Malaysia (third from left) , Danny Poh, Senior General Manager, Parkson Credit (third from right) and Ooi Kim Lai, Group Director of Parkson Holdings Berhad (second from right).

KUALA LUMPUR: Parkson Credit Sdn Bhd (Parkson Credit) has raised RM150mil through HSBC Malaysia’s bespoke receivables purchase facility.

The bank said on Friday the proceeds from the facility will be used to finance Parkson Credit’s expansion in Malaysia; a key initiative in tandem with the company’s strategy to increase its local footprint.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 53
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Ageson unit to be signed on as Kobena smart vending machine operator
OCBC to promote customer switch to digital token access
FBM KLCI fails to rebound, oil prices rise on supply cut plans
MISC's two LNG carrier charter contracts to contribute up to RM40mil in profit from 2026 - RHB
Gumusut-Kakap deepwater field achieves first oil production
Ringgit retreats as investors opt for dollar safe haven
Net foreign outflow on Bursa grows to RM740.6mil in week ended Sept 30
Bursa remains wobbly ahead of Budget 2023 despite investors' hope for reprieve in 4Q
Trading ideas: Sarawak Cable, Mudajaya, Pestech, Cypark, MBSB, Ageson and Destini
Argentine poverty remains above pre-pandemic level

Others Also Read