Chailease Berjaya Credit Sdn Bhd (“Chailease Berjaya”), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited (“CHC”), had successfully obtained a USD120 million three-year syndicated loan to fund its working capital for business expansion.

This syndicated loan was significantly oversubscribed by 2.13 times on the back of strong participation of regional and international banks. A total of 12 banks with Mega International Commercial Bank acting as the Mandated Lead Arranger and Bookrunner, First Commercial Bank, Chang Hwa Commercial Bank, Land Bank of Taiwan, Taishin International Bank, Taiwan Cooperative Bank, Entie Commercial Bank, Hua Nan Commercial Bank, Taiwan Business Bank, the Export-Import Bank of the Republic of China, Taichung Commercial Bank and the Shanghai Commercial & Savings Bank, Singapore Branch as the Participants.

Chailease Berjaya is a 70:30 joint venture between Chailease International Company (Malaysia) Limited (“CI (Malaysia)”, a wholly owned subsidiary of CHC) and Berjaya Capital Berhad, and was incorporated in Malaysia on 9 September 2015. The principal activity of Chailease Berjaya is in financing of used cars and superbikes/ mopeds, business financing and provision of insurance solutions in Malaysia. Chailease Berjaya has a team of highly qualified, competent and experienced personnel in managing the operations of its respective businesses from both the Chailease and Berjaya Groups. The strong support provided by the lenders of this syndication will pave the way for future business opportunities, as the company expands its business throughout Malaysia by offering more products and services going forward.