Forest City special financial zone lands first family offices as Johor courts investors
Malaysia-based CMY Capital Family Office and Yow Kee Family Office have both received approvals to operate there
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[KUALA LUMPUR] Forest City’s Special Financial Zone (SFZ) in southern Malaysia has secured its first two family offices, marking an early milestone in Johor’s efforts to attract high-value investors through its economic corridor with Singapore.
Malaysia-based CMY Capital Family Office and Yow Kee Family Office have both received approvals from Malaysia’s Securities Commission to operate within the SFZ, said Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han in a statement on Wednesday (Apr 23).
Another 30 companies, including firms from Malaysia, Singapore and Thailand, have expressed interest in setting up operations in the zone, he added.
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