VentureTECH inks RM10 mln strategic investment in CMC Group

KUALA LUMPUR, April 26 (Bernama) -- VentureTECH Sdn Bhd has sealed a RM10 million strategic investment in CMC Group Sdn Bhd to support the next stage of growth for the engineering and construction service provider in the public transportation, info-communication, and power and energy segments.

VentureTECH managing director Dr Norida Abdul Rahman said the investment in CMC Group was guided by the mission to build strong Malaysian businesses in the high value added and high growth industries capable of ensuring impactful socio-economic multiplier and benefits.

“Just like our other investee companies, we want to grow together with CMC Group, and will achieve that by leveraging on our value creation platform that focuses especially on helping our investee company to secure market and technology partners for business expansion,” she said in a statement today.

To further strengthen its footing both in the country and in the region, CMC Group is leveraging on its competitive profile to capture opportunities in the growing public transportation and info-communication sectors in Southeast Asia.

Additionally, for the same effort, CMC Group is also allocating more resources to its innovation centre to continuously produce value-added solutions to its clients. 

CMC Group chief executive officer Hazwan Alif Abdul Rahman said the company is committed to continue developing the Malaysian business ecosystem through various initiatives together with VentureTECH, such as vendor development and talent management programmes. 



    Other News

Kerajaan akan lancar Dasar Tenaga Negara hujung bulan ini - Mustapa

KUALA LUMPUR, 9 Ogos (Bernama) -- Kerajaan akan melancarkan Dasar Tenaga Negara 2021-2040 pada hujung bulan ini untuk meningkatkan aliran pelaburan dan memajukan matlamat pembangunan mampan Malaysia, kata Menteri di Jabatan Perdana Menteri (Ekonomi) Datuk Seri Mustapa Mohamed.

Kumbahan mentah mampu hasil gas butanol, etanol

CYBERJAYA, 8 Ogos (Bernama) -- Kajian rintis di Loji Rawatan Kumbahan Cyberjaya mendapati setiap 15 liter kumbahan mentah mampu menghasilkan 15 peratus gas butanol dan 1.5 peratus etanol.

Malaysia berpotensi jadi hab pembuatan sel bahan api hidrogen - MAHE

KUALA LUMPUR, 4 Ogos  (Bernama) -- Malaysia berpotensi menjadi hab pembuatan sel bahan api hidrogen untuk aplikasi dalam mobiliti hidrogen dan sistem bekalan kuasa tanpa gangguan (UPS), kata Persatuan Tenaga Hidrogen Malaysia (MAHE).

    Main Sponsor


© 2022 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, ]
Product/Service Enquiries [ +603-2050 4466, ]