MAIN Market-listed diversified energy conglomerate Meta Bright Group Bhd has successfully secured banking facilities totalling up to RM8.5 mil from AmBank (M) Bhd through its 51%-owned subsidiary Meta Bright Chargesini Sdn Bhd (MBC).
This strategic financing package serves as a major capital catalyst for the next phase of the group’s EV (electric vehicle) charging infrastructure expansion.
The financing structure comprises two distinct tranches. The principal facility, a Term Loan 1 of up to RM8.0 mil, is strategically allocated to part-finance up to 80% of the capital expenditure required for the purchase, installation and commissioning of new EV charging ports.
Securing this level of institutional backing from AmBank within just half a year of MBC’s incorporation is a powerful testament to the group’s execution capabilities.
In a way, it proves that Meta Bright has swiftly implemented its business plan while establishing a highly bankable EV infrastructure model.
Since the expansion of the group’s energy division into Malaysia’s EV market, MBC has successfully commissioned 25 charging stations, comprising a total of 82 charging points (67 AC and 15 DC chargers).
This rapid roll-out is synergised through its equity partner ChargeHere EV Sdn Bhd (the operator of ChargeSini).
Together, they command the undisputed top spot in Malaysia’s Charge Point Operator (CPO) rankings. ChargeSini currently operates a market-leading 1,110 charging points nationwide comprising 761 AC points and 349 DC points.
“Securing this RM8.5 mil facility from AmBank is a major commercial milestone for our EV infrastructure blueprint,” commented Meta Bright Group’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.
“We’re now moving beyond the foundational setup and stepping firmly into the aggressive scaling phase. Having a dedicated project financing structure allows us to deploy assets much faster and more efficiently without tying up our core working capital.”
Added Phang: “Together with ChargeSini’s market-leading network, our immediate priority is to rapidly build out our physical footprint, capture further market share and lock in high-quality recurring revenue for the group.”
This financing milestone directly supports the group’s broader strategic roadmap. Meta Bright Chargesini was specifically established to spearhead the group’s venture into the EV sector.
Following the successful novation of key EV charging station assets and a conditional sale and purchase agreement (SPA) executed in October 2025 to acquire completed charging infrastructure across the Klang Valley, this latest capital injection provides the exact financial firepower required to execute that roll-out at scale.
At the close of today’s (April 7) market trading, Meta Bright was unchanged at 13.5 sen, thus valuing the company at RM366 mil. – April 7, 2026
