Kuala Lumpur, 25 June 2019 – Chailease Berjaya Credit Sdn Bhd (Chailease Berjaya), the overseas subsidiary of the Taiwanese leasing giant Chailease Holding Company Limited, has successfully raised RM450 million, its maiden Malaysian Ringgit syndicated term loan facility.
The syndicated loan was over-subscribed and was upsized to RM450 million from an initial facility amount of RM300 million. Mizuho Bank (Malaysia) Berhad and OCBC Bank (Malaysia) Berhad, the Coordinating Mandated Lead Arrangers and Bookrunners, syndicated the loan to three other banks namely, Bangkok Bank Berhad, Bank of China (Malaysia) Berhad and Malayan Banking Berhad.
The syndicated loan proceeds will be utilized to support its business expansion. As the business been grown rapidly, Chailease Berjaya now has a network of more than 1,500 dealers in Peninsular Malaysia. Besides the HQ in Kuala Lumpur, Chailease Berjaya has seven more offices, which are located in Johor (2), Ipoh, Penang, Melaka, Seremban and Pahang. The company has plans within the next five years to further expand its financing business to commercial cars, heavy equipment, individuals as well as Small Medium Enterprises (SMEs).
Chailease Holding Company Limited (CHC) is the ultimate holding company of Chailease Berjaya. CHC remains the largest leasing company in Taiwan with a market share of over 40% and is amongst the Top 50 companies in Taiwan, in terms of market value. CHC’s revenue has been gradually increasing since FYE2014, with a record of USD1.33 billion for FYE2017.