AmBank Grants RM307 Mln In Financing To Chin Hin Group For Infrastructure Projects

KUALA LUMPUR, April 10 (Bernama) -- AmBank Group has granted RM307 million in financing facilities to Chin Hin Group Bhd’s subsidiaries, Aricia Sdn Bhd and Makna Setia Sdn Bhd, to support several new property and infrastructure developments in the Klang Valley and Sabah and Sarawak.

In a joint statement today, AmBank and Chin Hin said the strategic collaboration marks a significant milestone in advancing urban and infrastructure development in these regions.

“The financing will support the development of Aricia Residences @ Sungai Besi, a residential project with a gross development value of RM467 million.

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“It will also fund a freehold mixed-use development in Bandar Kinrara, spanning 1.38 hectares and comprising two residential towers and a retail hub,” the statement added.

They said the financing will also support civil infrastructure works in Sabah and Sarawak to boost regional connectivity and economic growth.

AmBank Group business banking managing director Christopher Yap said these developments align with the bank’s commitment to fostering sustainable growth. 

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“AmBank Group remains dedicated to supporting initiatives that drive progress and create lasting value for communities. 

“This collaboration underscores our ongoing efforts to contribute to Malaysia’s development and construction landscape,” he added.

Chin Hin group managing director Chiau Haw Choon said the collaboration with AmBank Group enables the group to bring innovative and future-ready living spaces like Aricia Residences to homeowners, setting new benchmarks in urban living. 

“Additionally, our infrastructure initiatives in Sabah and Sarawak reflect our commitment to national progress, driving sustainable development and enhancing connectivity across the region,” he said.

-- BERNAMA