OCBC Bank extends RM700mil financing to Ideal Property Group

From left: OCBC Bank managing director and head of commercial banking Kevin Choo Cham Woon, OCBC Bank managing director and head of corporate and commercial banking Jeffrey Teoh, Ideal Property Group executive chairman Tan Sri Alex Ooi Kee Liang, Ideal Property chief operating officers Datuk Goh Teng Whoo and Connie Ang.

KUALA LUMPUR: OCBC Bank (M) Bhd has extended RM700mil financing to Ideal Property Group to partially finance the acquisition of land, construction, and infrastructure costs for the upcoming Penang Technology Park (PTP) @ Bertam project.

In a statement, the bank said the project aimed to establish a sustainable industrial park and attract high-tech industries to the region.