Hengyi Industries forge new USD263 million finance agreement with BIBD, Baiduri Bank and TAIB
The Empire Brunei, 3 August 2022 – Hengyi Industries Sdn Bhd (Hengyi Industries) signed an Islamic Syndicated Term Financing Agreement totalling USD263 million with Bank Islam Brunei Darussalam (BIBD), Baiduri Bank and Perbadanan Tabung Amanah Islam Brunei (TAIB), marking the start of a new collaboration between Hengyi Industries and the local financial institutions.
Present as the Guests of Honour were Mr. Chen Lian Cai, Chief Executive Officer (CEO) of Hengyi Industries; Yang Mulia Tuan Junaidi Masri, BIBD Board of Director; Yang Mulia Dayang Hajah Noraini binti Haji Sulaiman, Deputy Managing Director of BIBD; Mr. Ti Eng Hui, CEO of Baiduri Bank; and Yang Mulia Awang Edzwan Zukri bin Pehin Orang Kaya Johan Pahlawan Dato Seri Setia Awang Haji Adanan, Acting Managing Director (AMD) of TAIB.
The event commenced with the recital of Surah Al-Fatihah and Doa Selamat, followed by opening remarks from Mr. Chen Lian Cai and Yang Mulia Dayang Hajah Noraini binti Haji Sulaiman. During the signing of the Financing Agreement, the CEO of Hengyi Industries signed on behalf of the company while the Deputy Managing Director of BIBD, CEO of Baiduri Bank, and AMD of TAIB signed on behalf of the respective banks. The ceremony concluded with a group photo session and a presentation of token of appreciation from Hengyi Industries to BIBD, Baiduri Bank and TAIB.
The Financing Agreement symbolises the strong commitment and cooperation provided by these financial institutions to support Foreign Direct Investments (FDI) in Brunei Darussalam. This is in line with the Titah by His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan
and Yang Di-Pertuan of Brunei Darussalam during His Majesty’s 76th birthday, where His Majesty calls to focus on the economic development in the nation towards achieving the goals of Wawasan Brunei 2035.
The agreement also aligns with Hengyi Industries’ aspiration to become the leading petrochemical plant in the region, allowing the company to further develop and contribute towards Brunei Darussalam’s downstream sector and long-term economic growth.
Previous Releases
- 2024
- Hengyi Industries Embraces the Spirit of Ramadhan with Presentation of Donations to Orphans, Underprivileged Families, DANA and Mosque
- Hengyi Industries Awards Scholarship and CoE to UBD, PB and IBTE Students
- 24 Politeknik Brunei Students Depart for Lanzhou under Hengyi Industries - PB Joint Collaboration Programme
- 2023
- Hengyi Industries Marks Historic Milestone with the Signing of Phase 2 Implementation Agreement and Memorandum of Understanding between Universiti Brunei Darussalam and Zhejiang University
- 382.6 kg of Waste collected from Serasa Beach as part of Hengyi Industries Beach Cleanup
- 21 Scholars under Batch 5 of Hengyi Industries – IBTE Joint Scholarship Programme departs for Lanzhou to continue their studies
- Scholarships awarded to 21 Bright IBTE Talents under Hengyi Industries – IBTE Joint Scholarship Programme
- 20 Scholars under Hengyi Industries & UBD Joint Scholarship Programme celebrate completion of online studies with Zhejiang University.
- First batch of scholars under Hengyi Industries – PB Joint Collaboration Programme given the opportunity to study abroad at Lanzhou Petrochemical University.
- 26 Students under the Hengyi Industries - IBTE Joint Scholarship Programme set to continue their studies at Lanzhou Petrochemical University
- Hengyi Industries Fifth Blood Donation Drive successfully collects 60 pints
- Hengyi Industries Hosts Khatam Al-Quran Ceremony in Conjunction with Ramadhan
- Hengyi Industries holds Donation Drive to Help Underprivileged Families and Orphans
- Hengyi Industries Awards 30 Scholarships to UBD Students and Ink a Memorandum of Understanding with IBTE
- 2022
- 500 tree saplings planted in Hengyi Industries’ 6th Reforestation Project
- 54 pints of blood donated by Hengyi’s staff in Hengyi Industries’ 4th Donation Drive
- Hengyi Industries – Politeknik Brunei Joint-Collaboration Programme
- Hengyi Industries Nurtures Local Talents By Awarding 108 Students With Scholarships and Donated $50,000 to Al-Ameerah Al-Hajjah Maryam School
- Hengyi Industries presents certificate of graduation to scholars under the UBD – ZJU Joint Scholarship Programme
- Hengyi Industries forge new USD263 million finance agreement with BIBD, Baiduri Bank and TAIB
- Hengyi Industries Shares Insights on Meeting the Maqasid Al-Shariah in the O&G Sector during the Brunei MYCE 2022 Energy Symposium
- Hengyi Industries Awards 207 students from PB and IBTE with Conditional Offer of Employment
- Hengyi Industries Holds Online Khatam Al-Quran Ceremony in conjunction with the Month of Ramadhan
- Hengyi Industries held a Two-Day Ramadhan Donation Drive Campaign for the Less Fortunate
- 2021
- Hengyi Industries Donated Essential Lab Supplies to MOH
- Hengyi Industries Organises Khatam Al-Quran To Mark the Month of Ramadhan
- Hengyi Industries enlivens the holy month of Ramadhan through donation
- Hengyi Industries Contributes to Increasing Brunei’s Carbon Sink with 5 th Reforestation Project
- Hengyi Industries Holds Open Day with Local Institutions
- Hengyi Industries launches the Clean Beach Initiative
- Hengyi Industries’ Staff Participated in Friendly Badminton Competition
- 52 Hengyi’s staff participated in Hengyi’s Third Blood Donation Drive
- Hengyi Industries Conducts Tier 3 Emergency Response Tabletop Exercise
- 2020
- Hengyi Industried Signed “Third-Party Health, Safety & Environment Management System (HSEMS) Audit Service Contract” With Bureau Veritas Brunei
- Hengyi Industries planted 500 trees in 4th Reforestation Project
- 500 trees planted in Hengyi 3rd Reforestation Project
- Hengyi Industries Awards 2nd Batch of IBTE Scholarship
- Hengyi Industries Awards 23 Scholarships to UBD Students
- Hengyi’s Second Blood Donation Drive Collects 66 Pints of Blood
- Hengyi Donates Medical Supplies to Schools
- First Domestic Supply of Refined Fuel Products From Hengyi
- Hengyi Fosters The Spirit of Giving During Ramadhan
- Hengyi Donates USD$1 Million Medical Supplies & Equipment to Ministry of Health
- Hengyi Industries conducts IBTE – Lanzhou Scholarship Programme Roadshow
- Hengyi Industries Celebrated Brunei’s 36th National Day
- 2019
- Hengyi Industries 2nd Reforestation
- HENGYI INDUSTRIES JOIN MAULUD NABI PROCESSION
- SAFETY CASE CERTIFICATE
- BSP, BSM ink commercial deals with Hengyi
- Hengyi Conducts Naga-5 Emergency Response Exercise
- PUBLIC NOTICE : MAJOR EMERGENCY TIER 3 LIVE EXERCISE AT PULAU MUARA BESAR
- PENGUMUMAN : LATIHAN KECEMASAN BESAR-BESARAN TIER 3 DI TAMAN PERINDUSTRIAN PULAU MUARA BESAR
- PMB Development Steering Committee visits Hengyi
- Hengyi Hosts First Blood Donation Drive at PMB
- 5th Batch of UBD Scholars Graduate from Zhejiang University & Presentation of Collection of Ancient Chinese Paintings to UBD
- Hengyi Holds Hari Raya Open House 2019
- HENGYI ORGANISES MAJLIS KHATAM AL-QURAN 2019
- HENGYI DONATION CEREMONY 2019
- Hengyi Holds Reforestation Project
- PEMBERITAHUAN KEPADA PELAUT PELAUT BIL: 14/2019 (T) ** NOTICE TO MARINERS NO: 14/2019 (P)
- Hengyi conducts Public Engagement Session March 2019
- Pentauliahan Peringkat Pertama / STG No.1 Commissioning
- Hengyi Industries Awards 1st Batch of IBTE Scholarship
-
NOTICE TO PUBLIC
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- Hengyi Industries Hosts Chinese New Year Gathering
- 2018
- Hengyi Industries Hold Friendly Basketball Match
- Hengyi updates stakeholders on PMB Project Progress
- Hengyi updates stakeholders on PMB Project Progress April 2018
- Hengyi Industries take part in 24th National Traditional Boat Race Championship 2018
- Narcotics Control Bureau Roadshow
- Hengyi Industries take part in friendly sports match with Muara Police Station, Brunei-Muara Police District
- Fire & Rescue Department Conduct Training at PMB
- Successful delivery of the first batch of heavy cargos to the construction site for Hengyi PMB Petrochemical Project
- 11 UBD students to complete studies at Zhejiang University
- 619 PPK trainees join Hengyi’s PMB project
- 2017
- Hengyi updates stakeholders on PMB Project Progress
- Inauguration Ceremony of Hengyi Industries International Private Limited, Singapore
- Hengyi reaches out to the less fortunate 2017
- Hengyi Updates Community on PMB Progress
- Hengyi Ambassador of The People’s Republic of China visits Hengyi’s Refinery Site at PMB
- 2016
- Energy Division & Bank of China officials visit Hengyi’s Plant Site at PMB
- Hengyi Engaged Communicate on PMB Progress
- Chairman Qiu’s site visit to PMB
- Hengyi’s Cleaning Campaign on PMB
- Minister of Energy & Industry visits Hengyi’s Refinery Site at PMB
- Hengyi Celebrates End of Year Family Day
- Marine Department working visit to Hengyi’s Refinery Site at PMB
- Hengyi briefed Community in Open Dialogue
- HYBN participated in Brunei's 32nd National Day parade
- Hengyi Industries Signs Scholarship Agreements with UBD students
- Deputy Minister of Finance visit to Hengyi’s Refinery Site at PMB
- China Foregin Minister Visits PMB 2016
- 2015
- Hengyi engaged Community in Open Dialogue
- China Development Bank briefed on Hengyi’s Refinery Project
- Hengyi’s ‘Keep Brunei Clean’ Campaign at PMB
- Hengyi industries holds blood donation campaign
- Hengyi reaches out to the less fortunate
- UBD Scholars Graduate from Zhejiang University
- Hengyi engaged Community in Open Dialogue
- Ambassador of The People’s Republic of China visit Hengyi’s Refinery Site at PMB
- Hengyi Industries Signs Scholarship Agreements with UBD & Jefri Bolkiah students
- Hengyi’s ‘Keep Brunei Clean’ 2015 Campaign at PMB
- 2014