China-Brunei joint venture signs 263 mln USD financing deal with local banks

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China-Brunei joint venture signs 263 mln USD financing deal with local banks

STORY: China-Brunei joint venture signs 263 mln USD financing deal with local banks DATELINE: August 4, 2022 LENGTH: 00:00:52 LOCATION: Bandar Seri Begawan CATEGORY: ECONOMY SHOTLIST: 1. various of the financing agreement signing ceremony 2. screen showing information on the financing agreement signing ceremony 3. senior executives demonstrating the financing agreement 4. Chen Liancai, Chief Executive Officer (CEO) of Hengyi Industries giving a speech 5. various of the financing agreement signing ceremony STORYLINE: Hengyi Industries Sdn Bhd, a petrochemical joint venture between Brunei and China, signed an Islamic Syndicated Term Financing Agreement totaling 263 million U.S. dollars with three local financial institutions on Wednesday. Hengyi Industries is a joint venture between China's Zhejiang Hengyi Group and Damai Holdings, a wholly-owned subsidiary under the Brunei government's Strategic Development Capital Fund, owning 70 percent and 30 percent of the shares respectively. The financing agreement

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