KUALA LUMPUR (June 12): Seri Pajam Development Sdn Bhd’s wholly owned subsidiary SPD Tech Valley Sdn Bhd has inked a memorandum of understanding (MOU) with CIMB Bank Bhd and CIMB Islamic Bank Bhd on May 20, to provide comprehensive financial solutions to investors establishing operations in SPD Tech Valley Industrial Park in Senawang, Negeri Sembilan.

The MOU was signed at the groundbreaking ceremony of the industrial park, witnessed by Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

The statement said that CIMB will offer specialised financial products designed to facilitate efficient industrial activities, including offering bespoke financial solutions for the requirements of industrial investors, providing expert financial advisory services, supporting sustainable financing initiatives and providing tailored financing options to support initial setup and ongoing expansion of industrial operations within SPD Tech Valley. 

“Our collaboration with CIMB is pivotal in ensuring that our investors have the necessary financial backing to succeed. This partnership will undoubtedly drive efficiency and success in industrial operations within SPD Tech Valley,” said SPD Tech Valley Sdn Bhd chief executive officer (CEO) Ten Wee Seong in the media statement. 

CIMB Group co-CEO of group commercial and transaction banking Ahmad Shazli Kamarulzaman said the bank will continue to provide financial solutions that address businesses’ evolving needs. “The collaboration with SPD Tech augurs our commitment to support the development of the industrial sector, through tailored financing solutions which enable investors to expand their operations and contribute to the economic development of the region,” he added.