Olam Holdings Pte Ltd has secured a $1.5-billion loan facility, while VNGGames has officially announced a joint venture with Korean games developer NCSOFT.
SG’s Olam Group secures $1.5b loan
Agri food giant Olam Group Limited (Olam Group) has announced that its wholly owned subsidiary Olam Holdings Pte Ltd has secured a $1.5-billion loan facility with a tenure of 1.5 years. The facility is guaranteed by Olam Group.
Proceeds from the facility will be applied towards refinancing existing debt of Olam Group. Citibank, Emirates NBD Bank, and HSBC are the senior mandated lead arrangers for the facility. HSBC is the facility agent.
Olam Group is a food and agri-business supplying food, ingredients, feed and fibre to 22,000 customers worldwide. The company’s value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.
VNGGames inks JV with Korea’s NCSOFT
VNGGames has announced a joint venture with NCSOFT, the premier Korean MMORPG game developer, to exclusively publish NCSOFT’s renowned role-playing games across Southeast Asia under the brand NCV GAMES.
The partnership between NCSOFT and VNGGames enhances access to NCSOFT’s MMORPG for users in Vietnam and Southeast Asia, ensuring secure transaction rights and continuous customer support. Community-building activities will be promoted regularly and be well-customised for each market.
Established in 1997 in South Korea, NCSOFT is a leading developer and publisher renowned for its highly acclaimed original IPs, including Lineage®, AION®, Blade & Soul®, and Guild Wars® franchises, available in over 60 countries worldwide.
The top game publisher in Vietnam and Southeast Asia boasts a portfolio of 130 games and 78.7 million quarterly active users in 2023.
VNGGames is delivering high-quality games that foster community values. With a focus on global expansion, VNGGames develops products for both domestic and international markets. VNGGames now operates 11 game studios in major cities across Vietnam and the region, including Bangkok, Beijing, Jakarta, Manila, Kuala Lumpur, and Taipei.
