OCBC extends RM351mil financing for Johor property projects in JS-SEZ

From left: PAC BOS market group head Jeffrey Tan, OCBC Bank head of commercial banking Kevin Choo, See Hong Chen Group managing director See Cherng Jye, Exsim Group managing director Lim Aik Hoe, See Hong Chen Group chairman Tan Sri See Hong Chen, Exsim Group managing director Lim Aik Kiat, OCBC Bank CEO Tan Chor Sen, OCBC Bank managing director & head of wholesale banking Jeffrey Teoh, and Soans Group director Tan Chee Yuen.

KUALA LUMPUR: OCBC Bank (M) Bhd has extended RM351mil in financing to See Hong Chen Group and Exsim to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).

In a statement, OCBC Bank said the financing supports a partnership between Exsim and See Hong Chen Group for the acquisition of freehold land along Jalan Dato Abdullah Tahir in Johor Bahru, earmarked for a mixed development project with a gross development value of approximately RM1.8bil.