Timah Partners lands S$60 million debt facility; partners include UOB, RHB
[SINGAPORE] Timah Partners, a holding company for small and medium-sized enterprises (SMEs), has secured a S$60 million debt facility to support its...
Singapore-based holding company for SMEs, Timah Partners, has secured a S$60 million debt facility to support its acquisition strategy. The umbrella delayed-drawdown agreement will finance multiple SME acquisitions over time, according to the company. The facility partners include UOB, RHB Bank, Genesis Alternative Ventures, Kroll Agency, and Trustee Services.
Timah Partners founder and CEO Dennis Chua emphasized the importance of clarity, trust, and confidence in the financing process. UOB head of group commercial banking Eric Lian stated that the partnership with Timah Partners will foster greater resilience and support the growth of local enterprises. RHB Bank’s head of commercial banking Serena Hong echoed this sentiment, highlighting the facility's potential to strengthen the future growth of high-quality local businesses and reinforce Singapore's SME ecosystem.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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