Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative mergerEvergreen Group Holdings and UBB Investment Bank Limited have initiated a groundbreaking collaboration by ratifying a strategic partnership agreement on Friday 21 June, 2024. This pivotal move marks the first step in an acquisition process where Evergreen Group will acquire a stake in UBBIB, setting the stage for an expanded presence in Malaysia’s financial sector.
"The Malaysian market is rich with untapped potential, and we are excited to bring our expertise to contribute to the growth of UBBIB and the broader Malaysian economy," added Sim. Aida Othman, CEO of UBB Amanah Berhad, expressed her enthusiasm,"Welcoming Evergreen into our fold is a significant advancement. Combining our core principles with Evergreen’s expertise will fortify our vision of establishing ourselves as a premier offshore banking hub."
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