Zecon gets BPMB loan of RM851.94m

KUALA LUMPUR: Zecon Bhd has accepted a combined total of RM851.94 million in tawarruq asset financing facilities from Bank Pembangunan Malaysia Bhd (BPMB).  The letter of offer from BPMB was received last Friday. Zecon said that RM616.94 million was for its subsidiary, Zecon Medicare Sdn Bhd, which is the 30-year facilities and maintenance concessionaire of Hospital Pakar Kanak-Kanak Universiti Kebangsaan Malaysia (HPKK). The balance of RM235 million was granted to its sub-subsidiary ServeCo Sdn Bhd, which holds a 25-year asset management services contract for HPKK.