KUALA LUMPUR: PACIFICMAS BHD []'s unit Pac Lease Sdn Bhd has accepted accepted''additional credit facilities of RM100 million from OCBC Bank (Malaysia) Bhd which would use for its working capital needs.
PacificMas said on Monday, March 21 the total credit facilities now totalled RM257 million which are secured by a''corporate guarantee of RM257 million by PacificMas.
Pac Lease's core businesses are hire purchase, leasing, factoring and other financing services as well as distribution/marketing of financial products and services.
Oversea-Chinese Banking Corporation Lltd is the ultimate holding company of PacificMas Group and OCBC Bank.
PacificMas said on Monday, March 21 the total credit facilities now totalled RM257 million which are secured by a''corporate guarantee of RM257 million by PacificMas.
Pac Lease's core businesses are hire purchase, leasing, factoring and other financing services as well as distribution/marketing of financial products and services.
Oversea-Chinese Banking Corporation Lltd is the ultimate holding company of PacificMas Group and OCBC Bank.
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