NEWS

In recent years, Southeast Asia has gradually become the first choice for many Chinese companies looking for a second growth point overseas owing to its advantageous geographical location, cultural customs similar to China, and continuously expanding young population. However, in this vast while unexplored “blue sea” market, there are not only huge opportunities but also enormous hidden risks and challenges. In face of dozens of countries, hundreds of languages, pluralistic monetary systems and complex laws and regulations, as well as disparate cultures and customs, it has become an urgent issue for Chinese enterprises “going overseas” to “fit themselves into the unaccustomed environment” and effectively avoid the potential obstacles in development. 

In addition, the Malaysian government has released a series of policies to attract foreign capital, including simplifying the procedures for foreign investment, providing tax incentives and supporting the construction of infrastructure, etc, attracting a great many multinational companies to set up production bases or regional headquarters. With a stable political atmosphere and a good commercial environment, Malaysia can further ensure the interests of foreign investors, especially in the field of manufacturing, financial services and technological industries, which is strongly appealing. 

In the construction industry, the Malaysian market has great market potentials, infrastructure construction, real estate development and green construction fields in particular. Lately, the Malaysian government expanded investment in large infrastructure projects, covering transportation, energy, housing and many other fields. For example, major projects like the light rail system expansion in Kuala Lumpur and the high speed railway construction in Malacca provided abundant market opportunities for construction enterprises. Besides, the advancement in urbanization and rise in population and the middle class also contributed to the constantly growing drive for the real estate and construction industries. 

As a Chinese law firm upholding the principles of “Professionalism Oriented, Client Value First”, Joint-Win Partners has integrated its internationalized concepts into all the business fields and operation management. Based on its professional understanding of Chinese and international laws, efficient integration of resources in various industries and accurate grasp of clients’ commercial needs, Joint-Win Partners has successfully provided powerful escort on the journey of a number of Chinese enterprises towards the unexplored “blue sea”. 

From March 10th to 13th, Yunfeng Yuan, Chairman of Longxin Construction Group Co., Ltd, led a team to Kuala Lumpur for project investigation, paying visits to China State Construction Engineering (M) SDN.BHD, KING’s PARK GENTING HIGHLANDS and ALG Worldwide Real Estate Company, etc. 

I. China State Construction Engineering (M) SDN.BHD

Longxin Construction Group Co., Ltd took China State Construction Engineering (M) SDN.BHD as the first stop and conducted in-depth exchange with relevant leaders. As a key branch of China State Construction Engineering Corp. Ltd in Malaysia, China State Construction Engineering (M) SDN.BHD undertakes the many significant engineering projects of China State Construction in Malaysia and other parts of Southeast Asia. Acting as a representative central enterprise of China beyond the sea, China State Construction Engineering (M) SDN.BHD has become a core strength to push forward the infrastructure construction in Malaysia with its extraordinary management ability, technical advantages and rich market experience. Ever since it entered the Malaysian market, it has been exploring deep and going further to expand and strengthen the Malaysian market under the guidance of the high-quality development strategy, thus having undertaken multiple projects including the STP2 dredging and cofferdam project in Pinang. China State Construction Engineering (M) SDN.BHD has set a good example of central enterprises overseas, and provided a strong reference for Chinese enterprises to “go out”. 

During the exchange, China State Construction Engineering (M) SDN.BHD leaders gave a detailed introduction of its achievements acquired in the Malaysian market so far, especially the progress in large infrastructure, commercial real estate development and public construction. By taking a deep participation in the projects related to the “Belt and Road” Initiative proposed by the Malaysian government, it has not only injected new vitality into the local economic development, but also built an essential bridge for the trade cooperation between China and Malaysia. 

II. KING’s PARK GENTING HIGHLANDS

Located at the famous Genting Highlands in Malaysia, KING’S PARK is a comprehensive project integrating commerce, entertainment, leisure and natural landscape. Genting Highlands is one of the most popular tourist destinations in Malaysia, which attracts a large number of visitors at home and abroad with its cool climate, abundant entertainment facilities and unique mountainous landscape. The establishment of the KING’S PARK project will further increase the appeal of the region and add more diversified experience for visitors. 

Longxin Group conducted on-site investigation on this project and held in-depth communication with corresponding leaders. Being a brand-new commercial and entertainment complex at Genting Highlands with a unique location and innovative development concepts, KING’S PARK has drawn widespread attention in the industry. This investigation is aimed at having a deep understanding of the construction progress, market potential and future cooperation opportunities of the project. 

III. ALG Worldwide Real Estate Company

ALG Worldwide Real Estate Company is a transnational real estate company with global visions, which is dedicated to providing clients with outstanding real estate development, investment and management services. The company has rich international experience and conducts businesses in multiple fields including housing, commercial properties, hotels and complex development. Based on its profound understanding of the global real estate market and forward-looking investment strategies, ALG Worldwide Real Estate Company has founded high-quality projects in core cities of many countries, and has set up a good brand image in the industry. 

Longxin Group conducted on-site investigation on ALG Worldwide and achieved fruitful interactions with the management. As a world-famous transnational real estate company, ALG Worldwide plays a key role in the global real estate market with its abundant experience in international development and innovative operation mode. This investigation aims to learn about its successful experience in global property development, investment management and sustainable development, and to explore potential opportunities for future cooperation between the two parties. 

Conclusion

In constant pursuit of professionalism and efficiency, lawyers of Joint-Win Partners have always respected and satisfied various needs of clients in multiple professional fields when providing legal services, covering 23 practicing fields and 14 industry sectors so far. Based on division of labor and cooperation among different professional teams, the lawyers can provide clients with accurate, comprehensive, timely and efficient legal services. Joint-Win Partners will continue to uphold the principles of “Professionalism Oriented, Client Value First” and keep carrying out industrial innovation and exploration. 

As a member of the two international lawyer unions, World Link for Law and The Harmonie Group, Joint-Win Partners has been focusing on providing high-quality foreign legal and commercial services and devoted to providing all-round support for domestic and overseas clients in business expansion and compliant operation in the international stage. With profound legal knowledge and abundant cross-border experience, the lawyer teams of Joint-Win Partners have displayed extraordinary professionalism in handling international commercial and legal affairs, covering cross-border M&A, international trade dispute resolution, intellectual property protection, overseas investment, project financing and many other fields. 

Serving as a leading role in foreign legal services and always oriented to client needs, Joint-Win Partners assists enterprises to deal with international legal challenges and fully grasp the opportunities brought by global development, ensuring their compliance and competitiveness in the international market. By keeping a close cooperative relationship with multiple legal networks and professional institutions globally, Joint-Win Partners provides clients with seamlessly connected cross-border legal services and ensures that they are equipped with solid legal guarantees when taking each step in their global operation.