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Parkson Credit raises RM150m to finance expansion
Published on: Saturday, March 14, 2020
By: Bernama
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Parkson Credit raises RM150m to finance expansion
File photo from Bernama.
Kuala Lumpur: Parkson Credit Sdn Bhd has raised RM150 million through HSBS’s Malaysia Receivables Purchase Facility to finance its expansion in the country.

In a statement on Friday, HSBC Malaysia said the Receivables Purchase Facility would play a crucial role in boosting Parkson Credit’s financing business in Malaysia.

Head of Global Banking Omar Mahmoud said HSBC Malaysia would continue to support Parkson Credit with financial services that would propel their business and enable them to achieve growth.

“Clients increasingly require scalable yet flexible financial solutions that will support their  development and expansion,” he said.

Parkson Credit is 70 per cent owned by the Hong Kong-listed Parkson Retail Group Ltd and 30 per cent by Bursa Malaysia-listed Parkson Holdings Bhd. – Bernama 




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