Li­uGong & UOB to Forge a Strate­gic Part­ner­ship in South-East Asia

NBM&CW - - NEWS -

In a re­cent devel­op­ment, Li­uGong has signed a Mem­o­ran­dum of Un­der­stand­ing (MoU) with the United Over­seas Bank Lim­ited for part­ner­ship in Ma­chin­ery Fi­nanc­ing in South-East Asia. The MoU be­tween Guangxi Li­uGong Ma­chin­ery Co. Ltd and UOB was signed be­tween the Pres­i­dent of Li­uGong Ma­chin­ery Asia Pa­cific, Chen Hao, and Karu­nia W. Tju­radi, the Man­ag­ing Di­rec­tor and Head of Sec­tor So­lu­tions Group at UOB, on July 12th 2018 at Li­uGong’s Asia Pa­cific sub­sidiary of­fice in Sin­ga­pore.

Ac­cord­ing to Chen Hao, Pres­i­dent of Li­uGong Ma­chin­ery Asia Pa­cific Pte Ltd., this his­toric MoU es­tab­lishes a part­ner­ship be­tween Li­uGong and UOB to pro­vide fi­nanc­ing so­lu­tions for Li­uGong’s deal­ers and cus­tomers and will bring sev­eral ben­e­fits to both. These in­clude easy ac­cess to fi­nanc­ing so­lu­tions specif­i­cally for them which they pre­vi­ously did not have. They will en­joy in­ter­est rate loans at a more com­pet­i­tive rate due to the joint risks bore by the two or­ga­ni­za­tions. In­done­sia and Thai­land will be the first two coun­tries to have this scheme rolled out. This new un­der­stand­ing be­tween the two or­ga­ni­za­tions will en­able Li­uGong’s key cus­tomers to en­joy bet­ter re­bates and ser­vices from Li­uGong when they ob­tain larger pro­cure­ment. The medium and smaller size com­pany cus­tomers will be able to af­ford to buy up to date tech­nol­ogy machines which they could not af­ford pre­vi­ously.

“We wanted to work with the top OEMs from China, and Li­uGong is our top choice and was the first we ap­proached for this pro­gram.” Said Karu­nia W. Tju­radi, Man­ag­ing Di­rec­tor and Head of Sec­tor So­lu­tions Group at UOB.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.