NCT Group entered into a Memorandum of Understanding (MoU) with MBSB Bank Bhd to provide financing options for end-buyers of its upcoming NCT Smart Industrial Park (NSIP) project.
In a joint statement, the companies said the collaboration would explore providing services such as capital expenditure, working capital, trade solutions, as well as end-financing.
“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.
“In addition to NSIP’s aim to achieve Green Real Estate (GreenRE) status, we will continue to pursue and implement more ESG elements to unlock new sources of value creation while solidifying NSIP’s presence as an ecocentric industrial park in the state of Selangor,” said NCT Group founder and managing director Dato’ Sri Yap Ngan Choy in the statement.
MBSB Bank group chief executive officer Datuk Nor Azam M. Taib said the group highly value the collaboration with NCT Group for the NSIP project as it is aligned with the 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.”
