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[2019/06/11]
chailease berjaya credit sdn bhd signs rm450 million syndicated loan led arranged by mizuho bank (malaysia) berhad and ocbc bank
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chailease berjaya credit sdn bhd (“chailease berjaya”), the overseas subsidiary of the taiwanese leasing giant chailease holding company limited, had successfully raised rm450 million to fund its business expansion.
the syndicated loan was over-subscribed by 1.5 times and closed higher at rm450 million from the initial intended amount of rm300 million. mizuho bank (malaysia) berhad and ocbc bank (malaysia) berhad are the coordinating mandated lead arrangers and bookrunners who syndicated the loan with 3 other banks namely, bangkok bank berhad, bank of china (malaysia) berhad and malayan banking berhad.
chailease berjaya’s business has grown rapidly since its incorporation in october 2015. todate, chailease berjaya is not only financing passenger cars but superbikes as well, which brings higher margins to the company. by collaborating with berjaya auto’s dealer network and approved independent car dealers, chailease berjaya now has a network of more than 1500 dealers in peninsular malaysia. besides the hq in kuala lumpur, chailease berjaya has seven more offices and they 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 berjaya has a team of highly qualified, competent and experienced personnel in managing the operations of its respective businesses from both the chailease and berjaya groups. the strong support provided by the lenders of this syndication will pave the way for future business opportunities, as the company expands its business throughout malaysia by offering more products and services going forward.
chailease holding company limited (“chc”) is the ultimate holding company of chailease berjaya. chc was incorporated in 1977 and was successfully listed on the taiwan stock exchange in december 2011 with a market capitalization of usd2.7 billion (as at june 2018). 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.
in the foreseeable future, chailease berjaya will look to expand throughout both west and east malaysia with an improved range of new products and services for its ever-growing client base.
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