NEWS

Group Raises New Funding Through Banjaran Japan Urban Renewal Fund

For immediate release 22 November 2018

Singapore, November 15, 2018 — Everglory Group Pte. Ltd. (Everglory) has announced that it is raising new funding through Banjaran Japan Urban Renewal Fund to support the growth of Everlending Co. Ltd. (Everlending). Everglory is an investment holding company in Singapore with major operations in microfinancing, and an asset management company for private debt funds in Japan. Everlending, a fully owned subsidiary of Everglory dedicated to providing loans to small to medium enterprises, is an FSA-licensed lending company in Japan with offices in Tokyo, Osaka, and Fukuoka.

This is the first time Everglory is raising funds in Singapore. Proceeds will be used to finance small developers looking to consolidate small blocks of vacant houses and unclaimed land for higher value development in major cities in Japan. Reducing the number of vacant houses and unused blocks of land is a major policy of the Japanese government aimed at creating a safer and cleaner living environment for local communities.