HK-based busi­ness as­so­ci­a­tion eyes op­por­tu­ni­ties in Malaysia

The Star Malaysia - StarBiz - - News - By YIMIE YONG yimie.yong@thes­tar.com.my

KUALA LUMPUR: A del­e­ga­tion from the As­so­ci­a­tion for The Pro­mo­tion of Global Chi­nese Traders Fra­ter­nity Ltd (GCTF) is in Malaysia for a three­day visit to ex­plore in­vest­ment op­por­tu­ni­ties.

“Malaysia is de­vel­op­ing well over the past five years and it is po­lit­i­cally sta­ble. Also, the bi­lat­eral re­la­tion be­tween Malaysia and China is at its warm­est level, that is why we are here,” GCTF pres­i­dent Alan Chuang Shaw Swee said.

He was speak­ing to re­porters be­fore a din­ner in Kuala Lumpur hosted by CMY Cap­i­tal Group chair­man Tan Sri Chua Ma Yu.

Chuang, who is also the chair­man of Hong Kong-listed Chuang’s Con­sor­tium In­ter­na­tional Ltd, viewed Malaysia as a good in­vest­ing lo­ca­tion.

“Com­mon law is used in Malaysia, just like Hong Kong. It is suit­able for us. English, Chi­nese, Can­tonese are com­monly used here too. We are also in sup­port of the Belt & Road (B&R) ini­tia­tive and we are ac­tively look­ing at in­vest­ment op­por­tu­ni­ties in the coun­tries along the B&R,” he said.

Chuang said mem­bers of the B&R del­e­ga­tion to Malaysia is in­ter­ested to in­vest in the prop­erty and agri­cul­ture sec­tors.

“Per­son­ally I am in­ter­ested to in­vest in prop­erty de­vel­op­ment and bullish on the long-term prospects of the prop­erty sec­tor in Kuala Lumpur. I am look­ing for land to build ser­viced apart­ment here,” he said, adding that his com­pany plans to build a ho­tel in Malaysia too.

On sug­ges­tions to at­tract more in­vest­ment from Hong Kong busi­ness­men, Chuang said Malaysia should ad­dress the labour short­age is­sue here and be more open on its im­mi­gra­tion poli­cies.

Mean­while, Chua said en­trepreneurs in Malaysia need to col­lab­o­rate and co­op­er­ate more with over­seas busi­ness­men.

“This can be col­lab­o­ra­tion in prod­uct de­vel­op­ment, marketing, re­search and de­vel­op­ment, among oth­ers,” he said.

“Malaysian busi­ness­men should co­op­er­ate with busi­ness­men from China and around the world. This is how to grow busi­nesses to an­other level,” Chua, who is the hon­orary pres­i­dent of GCTF, said.

A del­e­ga­tion led by Chuang ar­rived in Kuala Lumpur in two pri­vate jets on Nov 26.

The del­e­ga­tion of 24 mem­bers had an au­di­ence with the Yang di-Per­tuan Agong Sul­tan Muham­mad V at Is­tana Ne­gara and later paid a visit to the In­ter­na­tional Trade and In­dus­try Min­istry, Chi­nese em­bassy and is ex­pected to visit the Fed­er­a­tion of Chi­nese As­so­ci­a­tions Malaysia (Hua­zong) and the Associated Chi­nese Cham­bers of Com­merce and In­dus­try of Malaysia.

GCTF, a non-gov­ern­men­tal or­gan­i­sa­tion reg­is­tered in Hong Kong, is an in­ter­na­tion­ally-recog­nised or­gan­i­sa­tion ded­i­cated “to rally Chi­nese elites and ad­vance the re­ju­ve­na­tion of the Chi­nese na­tion”.

Cheer­ful mo­ment: (from left) Chua, Hua­zong pres­i­dent Tan Sri Pheng Yin Huah, GCTF hon­orary pres­i­dent Li Xian Yi, Chuang and Mah Sing group MD Tan Sri Leong Hoy Kum shar­ing a light mo­ment at the din­ner.

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