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.