(l-r): Ms. Panadda Manoleehakul, CEO, Philippines & Thailand, Australia and New Zealand Banking Ltd., Mr. Francis Glenn L. Yu, President & CEO, SEAOIL Philippines, Inc., Mr. Mark L. Yu, CFO, SEAOIL Philippines, Inc., Mr. Manuel Castaneda III, SVP, Head-Wholesale Banking Group, Maybank

SEAOIL signs $18 Million contract with Maybank and ANZ

SEAOIL recently signed with Maybank and Australia New Zealand Banking Group Ltd. (ANZ) for an $18 Million term and revolving credit facilities.

The investment will be used in line with the expansion of SEAOIL's retail network and operations. Mr. Francis Glenn Yu, SEAOIL's President & CEO, mentioned his thanks to have been given the trust by the lending companies. According to Mr. Yu, "it is the first of many transactions that we will be having with Maybank and ANZ, and we thank them for making us their partner."

Present in the contract signing are executives from SEAOIL Philippines, ANZ, and Maybank.