Meta Bright Secures RM28 Million Funding From AmBank For Overseas Expansion

Meta Bright Secures RM28 Million Funding From AmBank For Overseas Expansion

Meta Bright Group Berhad announced that its wholly-owned Australian subsidiary has secured financing facilities totalling RM28 million from AmBank for its business operations expansion plans.

The company aims to use the funds to purchase high-value equipment for MetaBright Australia Pty Ltd, which has recently entered into the third leasing contract with Mt Cuthbert Resources Pty Ltd (MCR), that it said could possibly generate a steady stream of income estimated at AUD222,950 (about RM691,657.78) a month.

Derek Phang Kiew Lim, Executive Director of Corporate and Strategic Planning, stated, “Obtaining these facilities from AmBank within such a short period is not only a milestone for Meta Bright but also a strong endorsement of our business model and strategic direction.