Double ESG facility of up to RM150 million granted by the Lender to FE Green Pet (M) Sdn. Bhd.
Advised the Lender and sustainability structuring bank in relation to a double Environmental, Social and Green (ESG) facility of up to RM150 million made available to FE Green Pet (M) Sdn. Bhd. (“Borrower”). This is to finance the acquisition of industrial land and recycled polyethylene terephthalate (rPET) production equipment for the construction and operation of a plastic recycling manufacturing plant in Melaka. The Borrower is a wholly owned subsidiary of Taiwan’s Far Eastern New Century Group, the world’s largest green recycler of bottle grade polyester.
Advising the Lender were Partners Syed Rashid bin Rahim Alsree and
Vivien Yeow.
