KUALA LUMPUR: Hong Leong Bank (HLB) has expressed its support for the signing of a memorandum of understanding (MoU) between its sister company, Singapore-based GuocoLand Limited, and UEM Sunrise Bhd
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In a statement, HLB said the partnership aligned with the Johor-Singapore Special Economic Zone (JS-SEZ) and aimed to drive economic growth in Iskandar Puteri.
“As a member of the Hong Leong Group, we are excited about the MoU between GuocoLand and UEM Sunrise, signifying a pivotal milestone that will decisively strengthen the Johor-Singapore economic corridor.
“HLB is committed to actively supporting its success by providing comprehensive financial services. We are confident this development will serve as a powerful catalyst for economic growth within the JS-SEZ, attracting high-value industries and fostering a dynamic business ecosystem,” HLB group managing director and CEO Kevin Lam said.
HL Bank Singapore managing director and CEO Ng Wee Lee stated that the bank provided a full range of services, including financing, cash management, global markets expertise, and employee banking, to support businesses at all growth stages.
These services, backed by a team of specialists, offered tailored financing solutions for Singaporean corporates and SMEs looking to expand within the JS-SEZ.
