04/06/2025

BIZ & FINANCE WEDNESDAY | JUNE 4, 2025

READ OUR

HERE

14

Malaysian Paper

/thesun

CGS, CGS International seal Asean-China business tie-ups

Development Authority (Mida) has secured RM4.68 billion worth of potential investments from Japan at Expo 2025 Osaka, underscoring Malaysia’s growing appeal as a strategic hub for sustainable and innovation-driven business in Southeast Asia. In a statement yesterday, Mida said this milestone contributes significantly to the RM7.39 billion in total potential investments secured under Malaysia’s participation at the Expo thus far, representing 56.9% of the national target. This was unveiled at the opening ceremony of the Malaysia Pavilion, officiated by Deputy Prime Minister Datuk Seri Fadillah Yusof, and attended by Deputy Investment, Trade and Industry Minister Liew Chin Tong, who played an integral role in representing the country’s investment vision and economic priorities. Japan Expo 2025 is among the world’s premier economic and cultural forums, and Malaysia’s participation — spearheaded by the Investment, Trade and Industry Ministry (Miti) — reflects a whole-of-government approach. Liew said Expo 2025 Osaka is the platform for Malaysia to demonstrate its value as a future ready, innovation-driven and sustainability conscious partner. “The investment secured through Miti and Mida reflects investor confidence in our green industries, advanced manufacturing, and digital economy,” he said. Mida CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the achievement reflects the KUALA LUMPUR: China Galaxy Securities Co Ltd (CGS) and CGS International Securities Group signed five strategic memorandums of understanding (MoUs) and one letter of intent (LoI), with top corporations, development partners and investment managers across Asean and China on May 29. These landmark agreements were signed at the inaugural Asean Business Forum 2025 (ABF2025) and witnessed by Malaysian Investment Development Authority (Mida) CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid on behalf of Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Securities Commission Malaysia (SC) executive chairman Datuk Mohammad Faiz Azmi, Asean Business Advisory Council (Asean-BAC) Malaysia chairman Tan Sri Nazir Razak and CGS chairman Wang Sheng. They aim to promote the growth of the Asean region as an integrated and cohesive regional economic powerhouse, deepen cross border collaboration and accelerate capital flows across high-growth sectors. The signings reflect growing confidence in Asean’s long-term growth prospects and the role of Malaysia – under its Asean chairmanship – to facilitate China-Asean and intra-Asean business and capital flows. Spanning access, private equity and investment in solutions for technology, healthcare, industrial development, invest ment promotion and wealth management family-office facilitation, the agreements reflect CGS and CGS International’s broader mission and capability to bridge capital and opportunities within the region. These signings also build on their commitment made during the Johor-Singapore Special Economic Zone Partners’ Dialogue on May 19, where CGS International committed to a target of RM6 billion – comprising RM3 billion in facilitation of foreign direct investment within three years and RM3 billion in assets under management in the establishment of single family office ventures. The signing parties and scope of partnerships of the LoI and the MoUs signed by CGS and CGS International include: 0 LoI for China-Asean Investment Programme – Establish a private equity fund to invest in high growth sectors such as healthcare

medical devices, semiconductor, advanced manufacturing, renewable energy, agri culture/food security and consumers throughout Asean with Malaysia as a key regional anchor and to facilitate the transfer of industry knowledge and technology from China to Asean. 0 MoU with Mida to jointly promote Malaysia as an investment hub, support investor facilitation and collaborate on fundraising, business matching and supply chain development for high-value industries. 0 MoU with Fullgoal Asset Management (HK) Limited (Fullgoal HK) and Bursa Malaysia Bhd. Fullgoal HK and CGS International will jointly list exchange-traded funds on Bursa Malaysia, with the aim to provide Malaysian investors with access to a wider range of investment options, and exposure to global markets. 0 MoU with GL Capital Management Limited to jointly establish a closed-end private equity fund dedicated to healthcare/medical devices sector in Asean to tap its high growth opportunities. 0 MoU with OCBC Bank (Malaysia) Bhd to jointly facilitate China and Asean trade and o Six landmark high-impact agreements will build on pledged RM6 billion in Johor Singapore Special Economic Zone, marking new era of economic collaboration strength of Malaysia’s investment proposition and the strategic trust placed in us by Japanese partners. “As we deepen bilateral ties, Mida will continue to assume a proactive role in facilitating high-quality investments that align with national priorities in clean energy, innovation, and sustainable development,” he said. “Expo 2025 Osaka is more than a showcase — it is a proving ground for Malaysia’s investment ambitions, and Mida is proud to lead that charge,” he added. Mida said the RM4.68 billion in potential investments stems from a week-long investment mission to Japan, covering Kyoto, Kobe, Osaka, and Tokyo from April 12-19, 2025. The Malaysia Pavilion is expected to attract 1.5 million visitors over the six-month duration of the expo, which will host more than 150 business activities, including investor round tables, memorandum of understanding signings, product launches, and sectoral forums. Participation involves 21 ministries, 70 agencies, and representation from all 13 Malaysian states, reinforcing Malaysia’s inte grated approach to global engagement. Through its participation at Expo 2025 Osaka, Miti, together with its agencies including Mida, is targeting RM13 billion in investment and trade outcomes, focusing on seven priority sectors: sustainable agriculture, renewable energy, smart living, green manufacturing, industrial reform, environmental management and the halal industry. -- Bernama

From left: Nazir, CGS strategic development headquarters member of executive committee, business director and general manager Zhang Ruibin; Sikh Shamsul Ibrahim, Mohammad Faiz, Fong and Wang with the signed LoI for the China-Asean Investment Programme.

connector and catalyst, and to leverage our wider Asean presence and Chinese parentage to help our clients and partners accelerate cross-border strategic collaborations, capital and talent mobility for business growth.” ABF2025 was co-organised with Asean-BAC Malaysia and Mida, supported by partners MBSB and OCBC Malaysia. The forum was held in conjunction with the 46th Asean Summit 2025 and Asean-GCC+China Summit 2025. Over 500 regional policymakers, investors and corporate leaders attended the full-day event which featured strategic panels, high level keynotes, and closed-door business matchmaking.

investment flows by supporting regional clients with banking, treasury and investment banking services. 0 MoU with Zhongguancun International Holding Limited (Hong Kong) to facilitate the entry of Chinese companies in the sectors of advanced manufacturing, digital technology, food security and healthcare, into the Johor Singapore Special Economic Zone and selected Malaysian industrial parks. CGS International Group CEO Carol Fong, said: “These signings are more than just intents and agreements – they signify our strong confidence in the investment and growth potential of Asean and Malaysia. CGS International is proud to play the role of

Malaysia secures RM4.68b potential investments at Expo 2025 Osaka KUALA LUMPUR: Malaysian Investment

Sitetracker’s platform will harmonise field workflows, support predictive maintenance and improve operational visibility across Edotco’s asset portfolio. – SITETRACKER PIC

Edotco partners Sitetracker to modernise tower operations across 9 Asian markets

deliver greater service levels, operational agility, and data-driven decision-making at scale,” he said in a statement. Meanwhile, Sitetracker CEO Giuseppe Incitti said Edotco’s vision aligns with its mission to deliver best-in-class, end-to-end asset lifecycle management that supports essential infrastructure worldwide. The Sitetracker platform is designed to harmonise field workflows, support predictive maintenance, and improve operational visibility across Edotco’s asset portfolio. Key capabilities include automated maintenance scheduling, geo-tracked site check-ins, real-time monitoring of service level agreements and seamless integration with critical systems to eliminate data silos. With this deployment, Edotco becomes one of the first tower companies in Asia to implement a fully integrated and mobile O&M platform at scale, a move that underscores its focus on innovation, sustainability, and operational resilience. – Bernama

KUALA LUMPUR: Edotco Group, one of Asia’s leading digital connectivity infrastructure companies, has entered into a strategic partnership with United States-based Sitetracker Inc to enhance its field operations through digital transformation across nine Asian markets. Both companies announced that the partnership will see the deployment of Sitetracker’s enhanced operations and maintenance (O&M) platform across more than 55,000 towers managed by Edotco, setting a new benchmark for operational scalability and efficiency in the telecommunications infrastructure sector. Edotco Group CEO Adlan Tajudin said the company is committed to building intelligent and resilient infrastructure that supports the future of digital connectivity. “Our partnership with Sitetracker will enable us to standardise and modernise our field operations across the region, empowering our teams with the tools to