Industronics, China corp to set up US$1bil investment bank


Industronics factory in Malaysia (File pic)

KUALA LUMPUR: Industronics Bhd is collaborating with China’s state-owned investment holding company, State Development and Investment Corp Ltd (SDIC), with a view to setting up a local investment bank in Labuan.

In a statement yesterday, Industronics said it would work with regulators on attaining the necessary compliance-related issues and other required approvals.

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