From left: NCT Group chief strategist Neil Foo, NCT group managing director Datuk Seri Yap Ngan Choy, MBSB group chief executive officer Datuk Nor Azam M Taib and MBSB head of corporate banking division Noor Hanim Ahmad Kushairi.
KUALA LUMPUR: NCT Group of Companies (NCT Group) has entered into a memorandum of understanding (MoU) with MBSB Bank Bhd to develop sustainable financing options for the end-buyers of the upcoming NCT Smart Industrial Park (NSIP) project.
In a joint statement, the companies said the collaboration would explore providing services such as capital expenditure, working capital, trade solutions, as well as end-financing.
“NSIP is our commitment to sustainability and we are cognisant that our shared interest will drive growth and success for the business as we accelerate our environmental, social and governance (ESG) agenda.
“In addition to NSIP’s aim to achieve Green Real Estate (GreenRE) status, we will continue to pursue and implement more ESG elements to unlock new sources of value creation while solidifying NSIP’s presence as an ecocentric industrial park in the state of Selangor,” NCT founder and group managing director Datuk Seri Yap Ngan Choy said.
Meanwhile, MBSB group chief executive officer Datuk Nor Azam M. Taib said the bank highly value this collaboration with NCT Group for the NSIP project as it is aligned with its strategic direction towards sustainability.
“While ensuring the end-buyers and investors of NSIP will benefit from
the attractive financing options that MBSB Bank has to offer, we are confident that the shared vision in driving the ESG agenda by both parties will benefit all the stakeholders and lead us to greater business growth sustainably.”
