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Bank of China provides RM 100 million to support the construction of a theater in Impression City in Melaka in Malaysia
| Funder | Bank of China (BOC) |
|---|---|
| Recipient Organization | Yong Tai Bhd |
| Country | Malaysia |
| Start Date | Jan 01, 2018 |
| End Date | Jul 25, 2030 |
| Duration | 4,588 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67075 |
Grant Description
Bank of China provides RM 100 million to support the construction of a theater in Impression City in Melaka in Malaysia On January 8th, 2018, Yong Tai Group signed a strategic alliance agreement with the Bank of China about the financial support toward the construction of Encore Melaka Theater in Impression City in Melaka, Malaysia.
According to the agreement, the Bank of China will provide RM 100 million to facilitate the construction of the theater as well as operational costs.
Out of the RM100 million loan, the bulk of RM90 million will go towards financing the construction of the theatre which costs between RM300 million to RM400 million. The remaining RM10 million will be used for initial operational expenses such as the payment of local performers. Loan details are unknown.
Sources & References
- Yong Tai's 'Encore Melaka' to contribute RM60m net profit per year
- 重点推介“又见马六甲”
- Yong Tai secures RM100m Bank of China financing for Encore Melaka
- 倾家荡产打造《又见马六甲》剧场 巫光伦坚持梦想
- 纳兹里:强力促销《又见马六甲》 500万中国客可达标
- 上市公司永大集团2019财年将进账6000万令吉净利
- 永泰获得1亿令吉的中国银行融资
- Yong Tai gets RM100m loan from Bank of China to build Encore Melaka theatre Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Yong Tai Bhd
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