KUALA LUMPUR: OCBC Bank (M) Bhd has signed a memorandum of understanding (MoU) with Beibu Gulf Holding (M) Sdn Bhd (BGHM) to attract investors to set up business operations in the Malaysia-China Kuantan Industrial Park (MCKIP). MCKIP, jointly developed by Malaysia and China and established in 2013, is modeled after its sister park in China, the China-Malaysia Qinzhou Industrial Park (CMQIP). Spanning 685 hectares, MCKIP targets high-end industries not only from China and Malaysia but also from other parts of the world. OCBC and BGHM have agreed to leverage on each other’s expertise in their respective fields to support existing and potential investors in MCKIP and its surrounding industrial land. “OCBC Bank will support BGHM’s continuing development in MCKIP and surrounding industrial land by introducing potential investors to BGHM and providing value-added banking solutions that meet BGHM’s existing and potential investors’ needs,” she said.

Source: The Star May 20, 2024 04:21 UTC