KUALA LUMPUR, May 20 (Xinhua) -- OCBC Bank (Malaysia) Berhad has signed a memorandum of understanding (MoU) with Beibu Gulf Holding (Malaysia) Sdn Bhd (BGHM) to attract investors to set up business operations in the Malaysia-China Kuantan Industrial Park (MCKIP).

OCBC Bank said in a statement on Monday that the bank and BGHM have agreed to leverage on each other's expertise in their respective fields to support existing and potential investors in the MCKIP and its surrounding industrial land.

Lu Yong, executive deputy general manager of the BGHM, said the industrial park's proximity to the Kuantan Port and other industrial parks in the East Coast Economic Region enables them to create excellent synergies to promote high end and high technology industries such as stainless steel products, electrical and electronics, information communication technology, renewable energy and many others.

Jointly developed by Malaysia and China and set up in 2013, the MCKIP is the sister park of the China-Malaysia Qinzhou Industrial Park, and it targets high-end industries from not only China and Malaysia, but also other parts of the world. Enditem

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