Zhejiang investors explore cooperation in Sabah - MIDA | Malaysian Investment Development Authority
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Zhejiang investors explore cooperation in Sabah

Zhejiang investors explore cooperation in Sabah

06 Jul 2024

A group of investors from Zhejiang Province, China are in Sabah to explore bilateral trade and investment cooperation. They held discussions with Sabah China Chamber of Commerce (SCCC), aiming to boost economic development in Sabah and Zhejiang and foster cultural and commercial exchanges.

SCCC hosted a banquet on Friday night at the Horizon Hotel here to welcome the business leaders from Zhejiang Province.

Among the guests were Li Wei, chairman of Honeycomb Aerospace Technologies (Beijing); Wang Jianwu, Finance Director of Honeycomb Aerospace Technologies (Beijing) and general manager of Hangzhou Honeycomb Aerospace Technologies investment advisor, Feng Jing; Vice President of Malaysia-China Cities Friendship Association, Jeffrey Kok and Zhou Yichao, chairman of Zhejiang Yongheng Household Co., Ltd.
The delegation arrived in Sabah a few days ago for inspection and business networking activities.

SCCC president Datuk Frankie Liew, who recently visited Zhejiang and toured the facilities of Honeycomb Aerospace Technologies, was happy with the prompt return visit by the Zhejiang team, which he saw as evidence of Sabah’s potential as a promising destination for entrepreneurs to explore business opportunities.

Liew highlighted the significant attention and support from the Sabah state government and business community for the visit by Zhejiang investors.

Key government departments and institutional representatives have met with the delegation, and visits to several major industrial parks have been arranged over the coming days.

He believes that this visit will provide Zhejiang investors with an initial understanding of Sabah’s economic and commercial landscape, inspiring future bilateral trade and investment cooperation.

“We conduct business with integrity and build genuine friendships. Even if business deals do not materialize in the short term, our sincere friendship endures. With honest communication and a shared commitment to cooperative and mutually beneficial goals, I believe there are opportunities for collaboration and development,” said Liew

He also expressed gratitude to Invest Sabah Bhd for their careful arrangements and efforts to facilitate exchanges between SCCC and local businesses, resulting in numerous significant cooperation opportunities. He thanked them once again for their support.

Both parties would hold a formal exchange meeting  today and discuss potential cooperative projects and directions.

The dinner was attended by several key members of the SCCC including Vice President Datuk Kevin Lim, JP and Datuk Jonathan Koh, JP, Secretary General Ir. Ts. KJ Tan, JP, Vice President cum Young Entrepreneurs Chairman Chiew Heng Hock, Vice President cum Women Entrepreneur Chairlady Tan Siew Ling and committee members.

Deputy Chairman of Invest Sabah Berhad, George Wong and marketing manager Jaccie Koh also attended the banquet.

Source: Borneo Post

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