Do you know the 4 listed companies that signed MOUs in China?

It was a fruitful 3-days China trip made by our PMX DS Anwar Ibrahim which concluded with Malaysia having secured a record RM 170 billion in investment commitments from China.

This is a result of 19 memorandum of understanding (MOU) between businesses in China and Malaysia. "This is historic. It is good for Malaysia and the future," said the Prime Minister at the Malaysia-China Business Forum, which was attended by 1,000 business leaders from both countries.

The prime minister also witnessed the exchange of 19 MoUs between the companies, and, there are a total of 4 listed local companies involved and they are:

1. DRB-HICOM Berhad
   
   
   MOU with Zhejiang Geely Holding Group Co. Ltd regarding the proposed joint venture on the development and commercialisation of Automotive High-Technology Valley in Tanjung Malim, State of Perak mainly in new energy vehicles.
   
   
   Commonly known as Geely, the Chinese multinational automotive company headquartered in Hangzhou, Zhejiang. The company is privately held by Chinese billionaire entrepreneur Li Shufu.
   
   
   
   
   
   
2. Sunsuria Berhad
   
   
   MOU with IAT Automobile Technology Co. Ltd (IAT in short). A quick search shows that IAT manufactures automobiles and auto parts. The Company designs and develops traditional vehicles, electric vehicles, new energy vehicles, and other automobiles. The company also conducts vehicle evaluation and testing businesses.
   
   
   

   
   
   
3. PLS Plantation Berhad
   
   
   Strategic partnership agreement with COFCO Group. A Chinese state-owned food processing holding company, COFCO Group is China's largest food processor, manufacturer and trader. It is also one of Asia's leading agribusiness groups alongside Wilmar International.
   
   
   COFCO takes agri-products as their core business, focusing on including grain, oil, sugar, cotton, meat and dairy products, as well as food, finance, and real estate as three major complementary businesses.
   
   
   
   
   
   
   
4. LBS Bina Group Berhad
   
   
   MOU with Sany Group Co., Ltd. A Chinese multinational heavy equipment manufacturing company headquartered in Changsha, Hunan, Sany is the 3rd-largest heavy equipment manufacturer in the world, and the first in its industry in China to enter the FT Global 500 and the Forbes Global 2000 rankings.

~ The End ~

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