MYEG signs 4-year agreement for international extension of China's blockchain network
KUALA LUMPUR (Nov 21): MY E.G. Services Bhd has inked a four-year collaboration agreement with the Institute of Industrial Internet and Internet of Things of the China Academy of Information and Communications Technology (CAICT).
In a bourse filing on Monday (Nov 21), the company said that under the deal, MY E.G. will own and operate the Xinghuo International Supernode that will provide connectivity from China to the rest of the world.
It said the agreement also entails the cross-border adoption and utilisation of the latest Decentralised Identifier standard (BID) to gradually create the Web3 of China and beyond.
political uncertainty limit the up/down within tight range. with EPF & KWP acquired more before & after election, it is unlikely this time will drop to 0.3x when government finally formed. accumulate 0.7x.
MYEG has learnt it's lesson since GE14. It does not need to be highly reliant on government business. It had since diversified and made inroads to Indonesia, Philippines, Bangladesh, the populations of which are explosive
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