Malaysia-listed Industronics secures $1b funding access from China's SDIC

A view of Labuan Malaysia Financial Park Complex.

Malaysia-listed electronics firm Industronics Berhard will receive access to an estimated $1 billion in funding from China’s State Development & Investment Corporation (SDIC) as part of their collaboration on asset management and capital market services.

Industronics said its agreement with SDIC, one of China’s largest state-owned investment holding company, is in line with its plans to acquire 10% of Hong Kong-based stockbroking, asset management and credit firm Bluemount Financial Group Limited.

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