Hengyi Industries Sdn Bhd (Hengyi Industries) signed an Islamic Syndicated Term Financing Agreement totalling USD263 million with Bank Islam Brunei Darussalam (BIBD), Baiduri Bank and Perbadanan Tabung Amanah Islam Brunei (Perbadanan TAIB), marking the start of a new collaboration between Hengyi Industries and the local financial institutions.
Hengyi Industries Chief Executive Officer (CEO) Chen Lian Cai, BIBD Board of Director Junaidi bin Haji Masri, BIBD Acting Managing Director and CEO Hajah Noraini binti Haji Sulaiman, Baiduri Bank CEO Ti Eng Hui and Perbadanan TAIB Acting Managing Director Edzwan Zukri bin Pehin Orang Kaya Johan Pahlawan Dato Seri Setia Haji Adanan were the guests of honour.
Hengyi Industries CEO Chen highlighted His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam’s titah during His Majesty’s 76th birthday calling for focus on the economic development in the nation towards achieving the goals of Brunei Vision 2035.
“The financing cooperation with BIBD, Baiduri Bank and Perbadanan TAIB is in line with the initiatives of His Majesty, and also symbolises the strong commitment and support by the local financial institutions,” he said.
He added that it also demonstrates Hengyi’s commitment and efforts in supporting the development of the local financial sector.
Soure: Borneo Bulletin
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August 17, 2022
