Cypark Resources

CYPARK Resources Bhd (CRB) and its wholly owned unit, Cypark Smart Technology Sdn Bhd, have secured Islamic financing facilities worth up to RM1.304 billion from MBSB Bank Bhd.

The facilities, comprising term loans and revolving credit, will be used to refinance existing debts on more competitive terms and support the group’s working capital needs.

The loans carry a tenure of eight to 17 years, structured to align with the group’s renewable energy assets under long-term power purchase agreements.

Cypark, Malaysia’s integrated renewable energy and environmental solutions provider, is recognised for pioneering projects in solar, biogas and waste-to-energy, including the nation’s first SMART Waste-to-Energy facility.

With 400MW of installed renewable energy capacity, the group plays a critical role in Malaysia’s decarbonisation pathway and in reducing national carbon emissions.

This financing represents another milestone in the group’s Cypark 2.0 transformation journey — a strategy to strengthen its financial foundation, enhance operational delivery, and accelerate clean energy growth.

MBSB Bank will refinance Cypark’s established renewable energy assets in solar and waste-to-energy initiatives.

CRB said the refinancing is expected to enhance liquidity, reduce financing costs, and support strategic growth, while contributing positively to future earnings.

The facilities will not affect the company’s share capital, net assets, or gearing in any material way.

Its board said the financing is in the best interest of the company. — TMR

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