March 26, 2026

Maybank extends term loan facility for financing creation of Singapore's fourth egg farm

Maybank is extending a term loan facility of up to S$65 million (US$48 million) to ISE Foods Holdings (IFH), a subsidiary of SGX-listed Ellipsiz Ltd (Ellipsiz), as the sole bank financier to partially finance the development of Singapore's fourth egg farm (SG4EF).

This large-scale farm will be situated on a site identified in collaboration with the Singapore Food Agency (SFA) and relevant government agencies. By increasing local egg production, this project will advance the country's goal of producing 30% of the nation's protein needs by 2035, strengthening food security and reducing dependence on imports.

Kenneth Ho, chief executive officer of Ellipsiz, said, "As a homegrown company, we have always believed that local enterprise has a critical role to play in national resilience, and this farm is where that belief becomes reality. With Maybank's support and close collaboration with the SFA, we are building infrastructure that will serve Singaporeans for decades to come. We remain committed to applying our expertise and working alongside industry partners and the government to make meaningful contributions."

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