Evergreen Group obtains financing license to expand in Malaysia

With the license, the company can fund affordable housing for civil servants.

Evergreen Group Holdings (EGH Capital Malaysia Sdn Bhd) secured a Money Lending License from KPKT, which is under the Ministry of the Malaysian government.

With the KPKT license, EGH Capital can support financing projects enhancing affordable housing, particularly for civil servants.

"Our goal is to provide innovative financing solutions that meet the needs of our partners and contribute to the economic growth of the region. With the KPKT license, we are now poised to offer a broader range of financial services for critical housing projects and government procurement contracts," said David Yong, CEO of Evergreen Group Holdings.

EGH Capital Malaysia Sdn Bhd has partnered with several leading cooperatives and government agencies to support these initiatives. 

"Since 2022, we have been meticulously studying the Malaysian market, and our findings indicate substantial opportunities and potential," said Desmond Sim, COO of Evergreen Group Holdings.

The signing ceremony for the memorandum of understanding is scheduled for the coming weeks, marking the formal commencement of these collaborative efforts.