HS Optimus Secures RM9 Million Trade Financing Facility from UOB Malaysia

HS Optimus Holdings Limited ( (SG:504) ) has issued an update.

HS Optimus Holdings Limited has announced that its Malaysian subsidiary, HS Optimus Wood Products Sdn Bhd, has secured new banking facilities of up to RM9 million from United Overseas Bank (Malaysia) Bhd to support its trading operations and working capital needs. The package comprises an RM8 million combined multi-trade line, covering instruments such as letters of credit, bankers’ acceptances, various trust receipt and invoice financing structures in both local and foreign currency, as well as performance and financial guarantees, plus a RM1 million overdraft, which together are expected to strengthen the group’s liquidity, facilitate imports and local purchases of raw materials and goods, and enhance its ability to meet trade obligations and bid for contracts in its core markets.

More about HS Optimus Holdings Limited

HS Optimus Holdings Limited, incorporated in Singapore, operates through subsidiaries including HS Optimus Wood Products Sdn Bhd, which is involved in the wood products sector and related trade activities. The group’s operations require substantial trade financing and working capital support, reflecting its focus on import and local purchases of raw materials and goods tied to its wood products business.

Current Market Cap: S$16.14M

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