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UOB (M) finances textile plant in Johor

It will provide credit facilities to fund China-based D&Y Group's expansion

Published Mon, Jul 14, 2014 · 10:00 PM
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UNITED Overseas Bank (Malaysia) Bhd is financing a China-based company to build a plant in Johor, Malaysia, the bank said yesterday.

Last Friday, the bank, wholly owned by United Overseas Bank, inked an agreement with D&Y Textile and Garment (China) Group (D&Y Group) for credit facilities which will help finance D&Y Group's business expansion in Johor.

UOB has been focusing on Asean, in particular, corporates expanding into the region.

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