CEBU, Philippines -- Malaysia-listed electronics company Industronics 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.
DealStreetAsia
Malaysia's Industronics gets $1bn funding access from China's SDIC
Southeast Asian electronics company is diversifying into financial services
Industronics will set up a local investment bank in Malaysia, while SDIC will provide access to funding for asset management and capital market services. (Source photos from SDIC and Industronics websites)
Read Next
Latest on DealStreetAsia
