OCBC Bank arm invests $14.3m in Malaysian accounting firm YYC Group

(L-R) YYC Group chairman Yap Zhi Chau; CEO Yap Shin Siang, OCBC Bank Malaysia CEO Ong Eng Bin; and Global Head of Mezzanine Capital Unit, OCBC Limited Daniel Kwan.

Singapore-headquartered OCBC Bank, through OCBC Bank (Malaysia) Bhd and its first private equity fund, is investing 60 million ringgit ($14.3 million) in a local accounting firm YYC Group, it said in an announcement on Wednesday.

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