KOTA KINABALU: GDC Fund Management Limited (GDC), a fund manager licensed by the
Labuan Financial Services Authority inked a tripartite strategic memorandum of understanding (Tripartite MOU) with World Credit Savings Limited (WCS).
WCS, a financial services firm licensed by the Abu Dhabi Global Market Registration Authority and Masco Ventures Limited (MASCO), a company licensed by the LFSA conduct money broking business specializing in digital asset.
A statement released by GDC stated that the Tripartite MOU laid an important cross-border based partnership milestone between GDC, WCS and MASCO that aim to provide trustworthy financial services and products for high-net-worth individuals and sophisticated investors within the region of Asia.
This is carried out by leveraging on the corporations’ existing resources, expertise, and networks. The Joint-partnership aimed to achieve the fund size of USD 200 million in the in the initial phase.
The Signing ceremony was witnessed by Senator Jaziri Alkaf Abdillah Suffian, while those signing included Dato’ Jessica Tan, Chairwomen of GDC, Dato’ Billy Goh, Deputy Chairman of GDC, Mr Bai Mingguo, Managing Director of WCS, Mr Sean Teh, Chairman of MASCO.
Meanwhile, GDC had also inked a memorandum of understanding with Jujuy Energia Y Mineria Sociedad Del Estado (JEMSE), an Argentine state-run mining engaged in the surveying, prospecting and exploration of hydrocarbons and minerals resources.
JEMSE operated the renewable energy generations, transmission, and distribution.
The MOU between GDC and JEMSE forge a vital partnership to be established by exploring potential collaboration between the two corporations, where GDC seeks to provide investment advisory and fund management services to JEMSE for the course of developing the renewable green energy and technology.
Furthermore, GDC had also grabbed the golden opportunity in the World Expo 2020 held in Dubai, UAE to sign a memorandum of understanding with BTA Wealth Management Limited, a licensed independent financial corporation focusing on wealth management established under the Dubai International Financial Centre.
The parties hoped to establish and commence a mutual beneficial partnership to jointly launch and promote private equity fund and other investment instruments to high-net-worth investors in Malaysia and Asia-Pacific region.
With the MOU of both companies, BTA through GDC would explore opportunities Southeast Asia market besides the current Middle East, Africa and South Asia markets with a target to establish the fund size of USD 100 million.
The Signing was witnessed by Senator Jaziri Alkaf Abdillah Suffian with the present of Dato Jessica Tan, Chairwomen of GDC, Dato’ Billy Goh, Deputy Chairman of GDC, Mr Luis Freire Anjos, CIO Partner of BTA and Mr Henrique, CEO & Managing Partner of BTA.-pr/BNN
