NCT Group has entered into an MOU with MBSB Bank Berhad to develop sustainable financing options for the end-buyers of its upcoming NSIP Smart Industrial project. The collaboration is aimed to explore the possibility of providing services such as capital expenditure, working capital, trade solutions, as well as end-financing.
Dato’ Sri Yap Ngan Choy, Founder and Group Managing Director of NCT Group of Companies said, “Our partnership with MBSB Bank is part of our long-term view to ensure financial services are more accessible to potential investors of NSIP. NSIP is our commitment to sustainability and we are cognisant that our shared interest will drive growth and success for the business as we accelerate our environmental, social, and governance (ESG) agenda.”
Datuk Nor Azam M. Taib, Group Chief Executive Officer of MBSB Bank said, “The way forward is for every sector to come together and work collectively towards a common goal of protecting the environment for our future generation. Therefore, we highly value this collaboration with NCT Group for the NCT Smart Industrial Park (NSIP) project as it is aligned with MBSB Bank’s strategic direction towards sustainability. While ensuring the end-buyers and investors of NSIP will benefit from the attractive financing options that MBSB Bank has to offer, we are confident that the shared vision in driving the ESG agenda by both parties will benefit all the stakeholders and lead us to greater business growth sustainably.”
