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
Add BT as a preferred source
[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.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
