Maybank finances S$65mil loan for Singapore’s fourth egg farm

Ellipsiz chief executive officer Kenneth Ho (left) and Maybank Singapore country CEO and CEO Alvin Lee (right).

PETALING JAYA: Maybank is extending a term loan facility of up to S$65 mil to ISE Foods Holdings (IFH), a subsidiary of SGX-listed Ellipsiz Ltd, to support the development of Singapore’s fourth egg farm.

The bank is the sole financier for the project, providing partial financing for the development of Singapore’s fourth egg farm (SG4EF), aimed at enhancing local egg production and food security.