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MessagePosté le: Ven 14 Sep - 09:17 (2018)    Sujet du message: owner DRB-HICOM signed an agreement Répondre en citant

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KUALA LUMPUR Justin Kluivert AS Roma Jersey , June 28 (Xinhua) -- Malaysian analysts have given positive feedback on the partnership between China's Zhejiang Geely Holding Group and Malaysia's car maker Proton as it paves way for Geely to expand into the Association of Southeast Asian Nations (ASEAN) market.

The partnership gives Geely an expedited route into growing ASEAN markets while offering Proton access to new product platforms and manufacturing expertise, said Alexander Chia, an analyst with RHB Research Institute said in a report on Wednesday.

"Proton would now have a realistic chance of reclaiming its leadership position in the domestic automotive market with Geely's backing, in addition to making significant inroads into regional markets," he added.

Last Friday William Bianda AS Roma Jersey , Proton's owner DRB-HICOM signed an agreement with Geely, whereby the latter will have a 49.9-percent stake in Proton for a consideration of 460.3 million ringgit (107 million U.S. dollars).

CIMB Research's analyst Mohd Shanaz Noor Azam is also positive on the deal as this should expedite a turnaround for Proton.

Based on the agreement, Proton is required to relocate its current manufacturing, testing-related research and development (R&D) and administrative activities at the Shah Alam plant to its manufacturing plant located in Tanjung Malim.

The deal is expected to be completed by the fourth quarter this year. It still requires nods from DRB-HICOM's shareholders and regulatory authorities in China.

However, Choo Ping Khoon with Kenanga Research raised his concern over execution risk in the new partnership to revive Proton over the longer term.

"While Geely is more popularly known for its successful acquisition of Volvo Javier Pastore AS Roma Jersey , the ability of Geely to assist Proton from technical and marketing perspective as well as to penetrate new markets remains a concern given that Geely is also a relatively weak brand from a global perspective with a global market share of less than 5 percent," he said.

Therefore, he opined that Proton still has to deal with the challenges posed by increasing competition and a weak brand perception.

Under the agreement, Proton will be granted a period of five years to manufacture, sell Alessandro Florenzi AS Roma Jersey , market and distribute any four current and future Geely platform vehicles under the "Proton" brand name in Malaysia.

It is noted that Geely Boyue will be the first-ever sports utility vehicle line up for Proton.

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CHANGCHUN, China Nicolo Zaniolo AS Roma Jersey , Jan. 6 (Xinhua) -- In China's northeast province of Jilin, China Changchun Vasaloppet International Skiing Festival is more than a cross-country skiing competition.

After joining Worldloppet Ski Federation (WSF) last year, the festival reached a new high this year when it opened on Friday, attracting more than 5,000 athletes from 33 countries and regions to compete in 50km Federico Fazio AS Roma Jersey , 25km and 1.6km events.

"It was in January 2004 that I first came to China and participated in Vasa competition. I was strongly attracted by colossal snow sculptures and beautiful wooded mountain. It's kind of northern Europe style," said Bjorn Lind, champion of the 2006 Torino Winter Olympics, who came here for eight times during the last 10 years. "The infrastructure and skiers are more professional than ever this year."

As Vasaloppet grows and helps Jilin's capital city Changchun become a major skiing resort in China, it brings life into local tourism and turns into a brand of Changchun.

"Every January China Vasaloppet is kind of a festival for people Ante Coric AS Roma Jersey , which promotes popularity of ice and snow sports, the development of the local tourism. It turns ice and snow resources into an emerging industry," said Jilin sports official Song Jixin.

On January 2, relying on Vasaloppet, Changchun Jinyuetan High-tech Zone signed a 19.78 billion yuan (3.18 billion US dollars) contract with Beijing Xinxing Development Group Davide Santon AS Roma Jersey , and also reached cooperation agreement with China General Chamber of commerce in Malaysia and Hong Kong Boda Dongfang Group.

Since 2013, China's Vasaloppet has attracted more than 2,300 entrepreneurs at home and abroad to invest in Changchun, with a total contract value of about 160 billion yuan (25.7 billion US dollars).

Vasaloppet, a Nordic winter game Cengiz Under AS Roma Jersey , originated from Sweden in 1922. Changchun became a fourth host city after Mora, Sweden; Minnesota, United States; Hokkaido, Japan.
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