CONSTRUCTION-BASED Ekovest Bhd has signed a tripartite memorandum of understanding (MOU) with China’s Shenzhen Maoxiong Co Ltd (Maoxiong) and Anxi County Folks’s Authorities for cross-border socio-economic strategic collaboration.
All events will collectively work as strategic companions to advertise the conceptualisation, planning, prioritising, financing and implementation of property growth, infrastructure growth and contemporary produce, agriculture and aquaculture distribution in addition to processing growth in each Malaysia and China.
Anxi is a county of the prefecture-level metropolis of Quanzhou in China’s southern Fujian province which lies adjoining to and straight north of Xiamen.
Headquartered in China, Maoxiong is a longtime firm concerned within the plantation, processing, storage, and distribution of greens and fruits.
Geared up with excessive requirements and trendy services sprawling over 10,000 sq meters and a chilly storage capability of over 30,000 sq meters, Maoxiong oversees expansive farming areas of greater than 30,000 mu (2,000 hectares) throughout China.
The corporate’s fame for excellence and innovation has positioned it as a dependable chief within the agricultural sector, thus making it a vital a part of this collaboration.
“Experience from Maoxiong, a number one enterprise in plantation, processing, storage, and distribution of greens and fruits, might be integral to this operation,” defined the corporate’s founder Yang Lian Cheng.
“On the coronary heart of this collaboration is the event of a cutting-edge durian processing and distribution centre in China. We stay up for co-operating with Ekovest’s subsidiary, PLS Plantations Bhd, a frontrunner in managing and working forest plantations, oil palm and durian plantations which is able to deliver essential business data to the enterprise.”
Describing the strategic partnership as a win-win scenario for all events, Ekovest group govt chairman Tan Sri Lim Kang Hoo mentioned this signifies not solely a promising step ahead for the enterprise companions but in addition fosters a platform for the trade of data and know-how.
“We stay up for exploring the synergies this collaboration will undoubtedly deliver. Ekovest will make use of its intensive expertise in building, infrastructure growth and property growth to facilitate infrastructure growth underneath the MOU,” he famous.
The events goal to instantly give attention to durian processing and discover infrastructure growth inside China and don’t low cost the potential enlargement of their collaboration past China and Malaysia ought to this initiative show profitable.
On the finish of at present’s market buying and selling, Ekovest was up 1 sen or 2.53% to 40.5 sen with 26.85 million shares traded, thus valuing the corporate at RM1.09 bil. – July 26, 2023