Cangyu Space, Angkasa-X in satellite tie-up


CYBERJAYA: China-based commercial aerospace company Cangyu Space Technology plans to invest about US$100mil, as part of a strategic commitment, to build a shared satellite constellation and a real-time remote sensing data platform in Malaysia for Asean.

CangYu chief executive officer Liu Wei said the partnership with space technology company Angkasa-X group, to span five to 10 years, marks its first international collaboration.

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