SHANGHAI: PT Resources Holdings Berhad (PTRB) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Malaysia Berhad (EXIM Bank) to support its expansion plans in China.
Under the agreement, PTRB and EXIM Bank will look at cooperation in trade financing, export facilitation and strategic support.
The MoU, which will remain in effect for two years, may be extended by mutual agreement between both parties. It is non-binding until formal agreements are executed.
The collaboration is intended to help PTRB strengthen its supply chain and fund its coconut processing operations in Fuqing City, Fujian Province.
It will also cover other emerging markets and potential projects in resource-based industries, agro-based products and food supply chains.
PTRB group managing director Heng Chang Hooi said the partnership represents a practical step in expanding the company’s reach in China.
“With EXIM Bank’s financial support and global network, we are confident of strengthening our presence in the Chinese market, while upholding our commitment to quality and sustainability,” he said.
EXIM Bank president and chief executive officer Datuk Nurbayu Kasim Chang said the bank aims to align financing solutions with the needs of local exporters.
“By aligning financial solutions with industry capabilities, particularly in the halal food sector, we aim to empower local businesses to scale globally and contribute meaningfully to national economic growth,” she said.
The MoU was exchanged alongside EXIM Bank’s separate understanding with China Export & Credit Insurance Corporation (SINOSURE), highlighting both sides’ interest in expanding trade and financial links between Malaysia and China.
PTRB said the MoU will not have any material effect on its share capital, earnings or net assets for the financial year ending April 30, 2026.
However, its gearing may increase once financing facilities are finalised.
Meanwhile, the board also stated that none of its directors or major shareholders have any interest in the agreement and that it is in the best interest of the company.
The exchange took place at the Malaysia International Halal Showcase (MIHAS) Shanghai 2025, held alongside the China International Import Expo (CIIE) 2025, and was witnessed by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
