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OCBC, UOB extend US$44m green loan to Myanmar conglomerate

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Junction City Shopping Centre is the first mall in Myanmar to receive the Green Mark certification by Singapore's Building and Construction Authority.

Singapore

THE Yangon branches of OCBC Bank and United Overseas Bank (UOB) have extended a US$44 million green loan to Myanmar's Shwe Taung Group.

Close to US$30 million of the loan came from OCBC, while UOB provided the balance, according to a joint statement by OCBC and Shwe Taung...