Evergreen Group Holdings and Malaysian investment bank UBB Investment Bank Limited (UBBIB) entered into a strategic partnership on June 21, 2024. Evergreen Group is set to acquire a significant stake in UBBIB.
Strategic Partnership and Its Significance
In a recent interview, Mr. David Yong, CEO of the Evergreen Group, emphasised the importance of this partnership.
“With this acquisition, the Evergreen Group is demonstrating our strong commitment to the region; we see tremendous potential in Malaysia and the region and we are here to stay.”
Opportunities in Malaysia’s Financial Sector
Yong highlighted the reasons behind Evergreen’s entry into the Malaysian market and the opportunities they foresee.
“Long-term, we are bullish on Malaysia’s financial and banking sector. Our decision was driven by our economic analysis and a strategic vision of becoming a leading investment bank in Asia. By combining our regional expertise and network with UBBIB’s local knowledge and experience, we can open new horizons and unlock potential. Specifically, we are excited about …