4 Big Mocketing Corporation and China Enterprise Signing Memorandum (Beijing, 1st) Prime Minister Datuk Seri Anhua witnessed today that four of the Malaysian companies signed a memorandum with Chinese companies are listed companies. These four companies are Drbhcom (DRBHCOM, 1619, Main Board Consumer Stocks), PLS Planting (PLS, 9695, Main Board Plant Stocks), Linmusheng Group (LBS, 5789, Main Board Industry Stock) and Sunsuria (3743 3743, 3743 , Mainboard Industrial Stock). Diversity and heavy industry is a signing agreement with Geely Holdings to discuss the construction of a high -tech automobile industrial park joint venture in Danjung Malin, Danjung, Perak. CEO Li Donghui. Multi -heavy industry and Geely are also the two major shareholders of the Malaysian domestic car company Baoto. In addition, the PLS Planting and COFCO Group Co., Ltd. signed a strategic partner agreement, the latter is one of the largest import and export enterprises in China. The signing representatives of the two sides are PLS planting chairman Tan Srnariel, and Wu Yi, general manager of COFCO's imported food. The Linmosheng Group signed a memorandum of understanding with Sany Group, the latter is the world's leading equipment manufacturing company. The signing representatives of the two parties are Tan Sri Linkin Fushan, Executive Chairman of the Linsheng Group, and Tang Xiuguo, President of the Sanyi Group. In addition, Zhengyang Group signed a memorandum of understanding with IATOMOBILE Tech CO, which was the first independent car design company in China. The signing representatives of the two sides are Dan Sri Derlie, the executive chairman, and Zhang Liqiang, president of Ald Automobile. In addition, the Chinese Chamber of Commerce in Malaysia also signed a memorandum with the import and exporters of Chinese mechanical and electrical products to promote the potential of bilateral trade and investment in their respective commercial communities, and cooperate with the establishment and development of business and industrial connections between the two parties. The signing representatives of the two parties are the President of the Corporation, Tan Sri Lu Chengquan, and Zhang Yujing, president of the China Mechanical and Electrical Export Chamber of Commerce.
Together with Alt Automobile Zhengyang Group to develop local electric vehicles (Kuala Lumpur, 3743, the main board of real estate) Zhengyang Group (3743) announced that it has signed a memorandum of understanding with China Ald Automobile Technology Co., Ltd. Magoto's electric vehicle brand. Zhengyang Group reported to the Malaysian Stock Exchange on Monday evening. In addition to the development of the Malaysian local electric vehicle brand, the two parties will also build and develop electric vehicle innovation parks, establish a diversified ecosystem of automobiles, and jointly establish ASEAN automobile design and innovation The center of the center starts cooperation. The two will also expand their business to other countries in Southeast Asia through joint venture Sunsuria IAT (Malaysia) Personal Co., Ltd. as the operating base. Zhengyang Group joined hands with Chinese enterprises to develop electric vehicles. According to the report documents, Ald Automobile is China's largest independent automobile design company with a total capital of RMB 514.2 billion (about RM322 million). This agreement is also affiliated to the Prime Minister Datuk Seri Anhua's visit to China, and China's total value of Malaysia's commitment to Malaysia is RM170 billion in investment projects.
If the JV goes through, Sunsuria will be their SEA expansion partner. and the market its not about the piece of land in Sunsuria city anymore. And the good thing is its not going to start from scratch, Ald already process the technology know how, just duplication.
The main Sunsuria is the majority shareholder (Zhengyang Group said that Alt Automobile is the largest independent automobile design company in China. The two parties have established a joint venture, Sunsuria IAT (M) Sdn Bhd, with Zhengyang Group holding 51% of the shares and IAT Motors holding the remaining 49%. )
KUALA LUMPUR (April 28): Sunsuria Bhd is planning to work with two Chinese firms to explore business opportunities in smart logistics park, and to set up an automotive design and innovation centre that will undertake product research and design, talent development, and more to improve operational efficiency for the automotive industry in Malaysia and Southeast Asia.
It has inked two separate agreements, namely a memorandum of understanding (MoU) with Chinese logistics provider Sinotrans Ltd, and a strategic cooperation agreement (SCA) with Chinese automotive design and engineering firm IAT Automobile Technology Co Ltd (IAT), for the proposed tie-ups.
The agreements were signed by Sunsuria executive chairman Tan Sri Ter Leong Yap at the sidelines of the Second Belt and Road Forum for International Cooperation in Beijing, China.
Under the MoU signed with Sinotrans' managing director Li Guan Peng, Sunsuria will collaborate with Sinotrans to establish and operate a logistics-related business in Malaysia, in line with China’s Belt and Road Initiative. "The proposed joint venture (JV) stands to benefit from Malaysia’s strategic geographical location as a regional logistics hub, as well as upcoming projects such as the Malaysian-China Kuantan Industrial Park, Regional Logistic Hub, East-Coast Rail Link Project Logistic and E-Commerce Business," Sunsuria said in a statement.
According to Sunsuria, Sinotrans, which is listed on the Hong Kong Stock Exchange and the Shanghai A-Share Market, is one of China’s largest third party logistics providers that is primarily engaged in freight forwarding.
As for the SCA signed with IAT's managing director Dr Xuan Qi Wu, Sunsuria aims to form a JV company together with IAT -- one of China’s leading independent automotive design and engineering entities that has designed and developed cars for almost every major Chinese automaker -- to establish the ASEAN Automotive Design and Innovation Center (AADIC).
"The AADIC [that will be set up] is to be the main operation centre to import electric vehicles that have been legally modified in China, and to obtain a car-sharing operations license in Malaysia. Sunsuria’s flagship integrated development, Sunsuria City, will be the launchpad of the first fleet of 100 imported electric vehicles," Sunsuria's statement read.
IAT, meanwhile, will look into prospective partnerships with schools and enterprises to cultivate local Malaysian talent and services in the automotive sector.
“We are looking forward to participating in the AADIC, as the initiative will make Malaysia the central focus of Asean in cutting-edge automotive research, talent development in the automotive industry, as well as improving the quality of the students through advanced technology, management processes and engineering research and development. Besides, this will provide more practical training for the students in improving their capability in design and development,” said Ter.
Ter said by tapping into Sinotrans’ vast experience, Sunsuria is confident it will be able to capitalise on the Smart Logistics Park and Business at the opportune time with the strong growth of cross-border e-commerce, while the Belt and Road Initiative goes into full swing with major infrastructural projects underway. "Through a diversified portfolio of innovative business ventures, we look forward to delivering even more value to our stakeholders," he said.
Meanwhile, by leveraging on IAT’s technical expertise and international network, electric car-sharing will soon be a reality in Sunsuria City, Ter said, living up to the township’s ‘Smart, Livable and Sustainable’ concept of integrated connectivity and intelligent convenience.
I don’t think the jv is about selling ev to consumer, but supporting the ev industry player. Which makes it not competing but servicing them. Malaysia is a strategic location to service SEA region ev manufacturers.
If they were to sell indeed, most likely to public transport sector.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
risktoreward
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Posted by risktoreward > 2021-07-23 09:53 | Report Abuse
start collect, done @0.46