Kuala Lumpur: In a statement, Industronics said it would work with the regulators on the necessary compliance-related issues and other required approvals. Meanwhile, the SDIC will provide access to an estimated US$1 billion in funding for the setup and expansion of asset management and capital market services.
Industronics executive director Datuk Chu Boon Tiong said the group is confident that its network and expertise on the local front will help to expedite the setup of the investment bank in Labuan.