Overview

Bank of China provides RM 100 million to support the construction of a theater in Impression City in Melaka in Malaysia

Commitments (Constant USD, 2023)$24,953,349

Commitment Year•2018Country of Activity•MalaysiaDirect Recipient Country of Incorporation•MalaysiaSector•Other Social Infrastructure And ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2018

Geospatial footprint

Map overview

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The project financed the construction of Encore Melaka Theatre (又见马六甲) in Melaka, Malaysia. More detailed locational data can be found at https://www.openstreetmap.org/way/617111090

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Yong Tai Bhd

Loan description

Bank of China provides RM 100 million to support the construction of a theater in Impression City in Melaka in Malaysia

Interest type•Unknown

Narrative

Full Description

Project narrative

On January 8th, 2018, Yong Tai Group signed a strategic alliance agreement with the Bank of China about the financial support toward the construction of Encore Melaka Theater in Impression City in Melaka, Malaysia. According to the agreement, the Bank of China will provide RM 100 million to facilitate the construction of the theater as well as operational costs. Out of the RM100 million loan, the bulk of RM90 million will go towards financing the construction of the theatre which costs between RM300 million to RM400 million. The remaining RM10 million will be used for initial operational expenses such as the payment of local performers. Loan details are unknown.