SiennyLovesDrawing has been invited & attended the launch ceremony of the Asia-Pacific One Belt One Road Tourism Industry Fund on 14 October 2016.
~~ Evergreen Offshore Inc zooms in on Malaysia’s tourism sector for a long term gain ~~
Evergreen Offshore Inc. (“Evergreen” or the “Company”) is a wholly owned subsidiary of the Evergreen Group, it was incorporated at the British Cayman Islands in May 2012. Evergreen’s primary business involves Enterprises Analysis, Private Equity Funds & Listing Operations.
At present, Evergreen holds 2 Trust Units:
i. Evergreen Offshore Fund Trust
ii. Asia-Pacific One Belt One Road Tourism Industry Fund
To date, Evergreen has a total of USD200 million in capital commitments & has invested over USD50 million in the 1st phase of its investment blueprint.
The Launch of Asia-Pacific One Belt One Road Tourism Industry Fund, 14 October 2016
Evergreen has just launched in Malaysia its private equity fund which worth HKD10 billion named Asia Pacific One Belt One Road Tourism Industry Fund (“the Fund”) on 14 Oct 2016. It is a private equity fund which targeting the tourism sector in Malaysia. By building on the existing strong bilateral relations between China 🇨🇳 & Malaysia 🇲🇾 , Evergreen aims to further boost the relationship by investing in Malaysia’s tourism sector for long term gain. The decision to debut the Fund in Malaysia was strongly backed by the evident growth of the Malaysia tourism industry & the Malaysian Government’s plan to increase its investment in developing the sector.
“The Fund is set up with a long-term vision to promote the tourism sector in countries and regions along the 21st Century Maritime Silk Road,” said Mr. Davy Chan, Chairman of the Evergreen Group.
“Through our partners here in Malaysia, as well as our own findings, we understand that the Malaysian Government will increase its investment in the tourism industry.”
Tourism and travels are Malaysia’s third largest source of foreign exchange earnings, which stood at RM61 billion, 5.7% of its total gross domestic product (GDP). The number is projected to reach RM262.2 billion, 15.8% of its GDP by 2025.
“By working with Hong Kong 🇭🇰 & Mainland China 🇨🇳, Malaysia 🇲🇾 will gain better financial strength thus strengthening its existing foundation & infrastructure in the hopes of achieving more integrated productivity & attracting investment,” added by Mr. Davy Chan in his speech.
One Belt One Road (“OBOR”) initiative is a strategic development by the Chinese Government in 2013, under the leadership of its president, Xi Jing Ping. The far-reaching transformational development will be the cornerstone that leads the country on the path of modernisation & bolsters its leadership position in the world.
On land, OBOR connects China to Central Asia through its Silk Road Economic Belt.
On sea, OBOR connects China to Southeast Asian countries, Africa & Europe through its 21st Century Maritime Silk Road Economic Belt.
Meanwhile, the visionary development initiatives will build the “maritime transport corridors” that connect important ports along the trading route to create an international economic collaboration.
Malaysia is strategically situated on the south belt. In addition to the Chinese Government, many private sectors, including Evergreen, have come together & aspire to contribute to the success of the ambitious initiative by investing in relevant projects in the OBOR trade route.
Evergreen is already in talks with a few potential project owners who are directly involved in the tourism development projects. Evergreen has allocated HKD2 billion from the Fund to invest in Malaysian projects ahead of its other targeted markets including Thailand 🇹🇭 & Vietnam 🇻🇳. The Fund is managed by Ever Centurion Limited based in Hong Kong. AFV Consultants Group Sdn Bhd is exclusive strategy partner in Malaysia involved in project assessment & due diligence process.
There is no better place than Hong Kong, with its ‘One Country, Two Systems’ policy, where one can access such an opportunity. Through the Fund, Evergreen will take advantage of its vast & powerful network in Hong Kong & China to attract the key investors from both countries to invest in promising tourism related projects in Malaysia. The Fund is a capital market instrument & will be working with Hong Kong listed entities to protect the robustness of projects in Malaysia.
Since there are many potential tourism development & related projects waiting to be developed, it foresees that the OBOR initiative will further promote economic growth in Malaysia.
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