AmBank Islamic grants RM180mil financing to Nextgreen for technology park expansion

Quick Summary:

KUALA LUMPUR: AmBank Islamic Bhd has granted up to RM180 million in financing facilities to Nextgreen Global Bhd's subsidiary, Ultimate Ivory Sdn Bhd, to fund land reclamation, infrastructure development and utilities for Nextgreen's Green Technology Park (GTP) in Pahang.

"With AmBank Group’s unwavering support, we are confident that our expansion will not only advance our sustainability goals but also propel Malaysia towards a greener, more resilient future,” he said.

"Nextgreen’s GTP adopts a Bio-Integrated Zero Waste approach, which converts by-products from production processes into green products and renewable energy,” the parties said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Financing GTP AmBank Banking /Business/Business News Sustainability Nextgreen

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 16:16:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 341 words

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Sentences: 13 lines

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Copyright Owner: © The Star

News ID: 27210620

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