China auto parts company sees mining potential in Malaysia


KUALA LUMPUR: Bursa Malaysia Main Board-listed China Automobile Parts Holdings Ltd (CAP) sees potential to diversify into mining exploration in Malaysia via new shareholder Siburan Resources Ltd (SBU).

Managing director Li Guo Qing said Australia-based SBU has a strong position in the mining industry which would also pave the way for CAP to gain a presence in the global oil and gas market.

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