01 Oct 2016 GMCI
US listed OTC Company GMCI Corporation Signs MoUs and MoAs with Three Malaysian and Two Chinese Companies
Bangsar South, 1 October 2016
: GMCI Corporation, an investment holding group incorporated in Nevada, United States with 10%-15% Malaysian shareholders, will be investing in and forming project partnerships with several companies, including precision parts manufacturer YCL Precision Engineering Sdn Bhd, aesthetic wellness company Era Estetika Sdn Bhd, property developer HLC Holding Berhad, Shenzhen-based property developer Heng Yue Group, and upcoming mobile application development and technology company Aladdin Information Technology Co. Ltd.
GMCI will be signing Memorandums of Agreement to partially acquire YCL Precision Engineering Sdn Bhd, to joint-venture with Era Estetika Sdn Bhd, and to invest in a Heng Yue Group’s hotel project at Dongguan, China. The corporation will also be signing Memorandums of Understanding, which signify the intention for a project partnership with HLC Holding Berhad and Aladdin Information Technology Co. Ltd.
“We are very excited to kick-start our investments in Malaysia as we believe in the nation’s strong fundamentals and its strategic location in this region,” said Mr Calvin Chin, the Chief Executive Officer of GMCI Corporation. “As a young, ambitious company with a vision to be the preferred private equity corporation in the region, GMCI Corporation aims to nurture passionate and professional employees, maximise investment portfolios’ potentials, contribute to the communities they serve, and exceed investors’ expectations. We are in a position to support our portfolio for business expansion with our strong network and expertise in the region. I’m also very pleased to announce the opening of our first South East Asia office here in Kuala Lumpur and to introduce a dedicated local management team who will look into the performance of each entity.”
All potential investments go through six months of stringent, due diligence checks before confirmation, and this includes a complete examination and verification of financial and other affairs of a company and its subsidiaries.
“We have a clear focus on the industries we wish to invest in, and our key consideration is the property development market. Other areas include beauty, wellness and IT,” Mr Calvin added.
GMCI’s property plans are well on track. GMCI will proceed with a potential partnership with HLC Holding Berhad, a property developer, to develop a 40-storey nature-themed serviced apartment at the foothill of Genting Highlands, just 45 minutes from Kuala Lumpur. The corporation will also be investing for the first time in China. Together with the Heng Yue Group, they will invest in Xiyuan Hotel, a themed hotel near Huayang Lake.
In addition to its extensive property portfolio, GCMI will partially acquire YCL Precision Engineering, a Johor-based company with over 20 years of experience providing customised precision parts. The corporation will also form a joint venture with Era Estetika Sdn Bhd through their subsidiary company, Biosecret Beauty Wellness, to develop a medical spa signature boutique, the De Era Wellness Specialist (DEWS) by 2016/2017. The latest addition to their investment portfolio is the upcoming mobile application development and technology field with Aladdin Information Technology Co Ltd in China.
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