OCBC backs RM351mil JS-SEZ projects


Menara OCBC

PETALING JAYA: 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 Baru, earmarked for a mixed development project with a gross development value of approximately RM1.8bil.

Financing has also been extended to See Hong Chen Group to support the acquisition of freehold land parcels in Johor Baru.

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OCBC , JS-SEZ , financing

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