AmBank Group has granted a RM130 million green financing facility to Persada Mentari Sdn Bhd (PMSB) to facilitate the development of Arica @ Andaman Island as well as future projects there. PMSB, a special purpose vehicle formed by Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern & Oriental Bhd, and KWEST Sdn Bhd, a wholly-owned subsidiary of Kumpulan Wang Persaraan (Diperbadankan), is the developer of the Andaman Island project, which was recently awarded the provisional GreenRE Platinum Certification.

Source: The Sun