Ekovest signs tripartite MoU for cross-border socio-economic collaboration

KUALA LUMPUR: Ekovest Bhd has signed a tripartite memorandum of understanding (MoU) with China’s Shenzhen Maoxiong Co Ltd (MX) and Anxi County People’s Government (Anxi) for cross-border socio-economic collaboration.

Ekovest, in a statement, said all parties jointly and desire to work as strategic partners to promote cooperation in the conceptualisation, planning, prioritising, financing and implementation of property development, infrastructure development and fresh produce, agriculture and aquaculture distribution and processing development in both Malaysia and China.

In a filing with Bursa Malaysia, Ekovest said the purpose of the MoU is to achieve the common mission of Ekovest, MX, and Anxi County Office to jointly collaborate in relation to the proposed cross-border socio-economic collaboration. The parties are exploring the prospects of entering into a joint venture company.

“The execution of the MoU for the proposed cross border socio-economic collaboration is expected to benefit Ekovest group of companies’ strategic plans to recognise the socio-economic benefit to both countries on the creation of a strategic development corridor between the parties,” Ekovest said.

Ekovest chairman Tan Sri Lim Kang Hoo said: “We are excited about this strategic partnership, it's a win-win situation for all parties. It not only signifies a promising step forward for our companies but also fosters a platform for the exchange of knowledge and technology.”

“We look forward to exploring the synergies this collaboration will undoubtedly bring. Ekovest will employ its extensive experience in construction, infrastructure development, and property development to facilitate infrastructure development under the MoU,” he added.

The parties aim to immediately focus on durian processing and explore infrastructure development within China and do not discount the potential expansion of their collaboration beyond China and Malaysia, should this initiative prove successful.

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Ekovest , MoU , Anxi County , Shenzhen Maoxiong


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