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OCBC, UOB extend US$44m green loan to Myanmar conglomerate
Ng Ren Jye
Published Wed, Feb 5, 2020 · 09:50 PM
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 on Wednesday.
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