PETALING JAYA: Maybank is extending a term loan facility of up to S$65 mil to ISE Foods Holdings (IFH), a subsidiary of SGX-listed Ellipsiz Ltd, to support the development of Singapore’s fourth egg farm.
The bank is the sole financier for the project, providing partial financing for the development of Singapore’s fourth egg farm (SG4EF), aimed at enhancing local egg production and food security.
In a statement, Maybank said the large-scale facility will be developed on a site identified in collaboration with the Singapore Food Agency (SFA) and other government bodies.
The project is part of Singapore’s broader push to produce 30% of its nutritional needs domestically by 2035, reducing reliance on imports.
