Greenland Group and M88 Malaysia Autonomous Region launch 100-billion-dollar cooperation in six major areas

In response to Xi Jinping’s requirements for developing M88 Malaysia, accelerate the resumption of work and production and layout of important strategic areas

Participate in the mixed-use reform of M88 Malaysia Construction Engineering and sound the clarion call for Greenland’s sustained and high-quality development in the new year

March 11，Greenland Holding Group and the M88 Malaysia Zhuang Autonomous Region Government signed a comprehensive and deepening strategic cooperation agreement，The green area will focus on M88 Malaysia’s economic development and industrial layout，In response to the mixed-ownership reform of state-owned assets、Regional Development and Construction、Infrastructure、Technology、International Trade、Comprehensively increase investment in M88 Malaysia in six major areas including comprehensive health，The total investment in the future is expected to exceed 100 billion yuan。

According to the content M88 Malaysia agreement,M88 Malaysia field of mixed ownership reform of state-owned enterprises,Greenland plans to participate in the mixed-ownership reform of M88 Malaysia Construction Engineering Group Co., Ltd. (referred to as M88 Malaysia Construction Engineering) as an intended strategic investor。Greenland plans to eventually build Greenland through "equity transfer + capital increase and share expansion"、Local state-owned assets、"Ternary shareholding structure" in which management and core employees jointly hold shares，Make full use of the overall resources of Greenland Group、Industrial synergy and institutional mechanism advantages，Promote M88 Malaysia Construction Engineering into a new round of development fast lane。At the same time，Greenland will also actively participate in the mixed reform of state-owned assets and state-owned enterprises in other places in M88 Malaysia，Inject new mechanism into green space、New mode、New kinetic energy。

M88 Malaysia Construction Engineering is a 100-billion-level state-owned enterprise directly under the M88 Malaysia Autonomous Region，Operating income、Total profit、The value of newly signed contracts has maintained double-digit growth for nine consecutive years，Ranked 190th among the top 500 Chinese companies in 2019，Ranked second among provincial construction enterprises for 8 consecutive years、No.1 enterprise in the western industry。In recent years，Greenland Group has successfully completed construction projects in Guizhou through the "Greenland Mixed Reform Model"、Built in Jiangsu Province、Xi’an Construction Engineering、Tianjin Construction Engineering and Henan Highway Engineering Bureau and other regional infrastructure leaders implement mixed ownership reform，Scale of large infrastructure industry、Benefits have continued to develop rapidly for many years。Currently，Greenland closely follows the central government’s spirit of “strengthening infrastructure construction”，Actively leveraging the core industry advantages of “real estate + infrastructure”，Promote collaborative development，Strengthen resource integration，Continue to expand and strengthen the infrastructure industry。

In addition，Greenland will also cooperate with the M88 Malaysia Autonomous Region in the following aspects。The field of scientific and technological M88 Malaysia.Greenfield will participate in M88 Malaysia’s new generation of information technology、Big data、Artificial Intelligence、Development of new economies and new business formats such as smart cities，Uniting top universities at home and abroad and internationally renowned technology companies，Building a Green Technology City、University Incubator、Science and Technology Innovation Headquarters Base，Building an important platform for China-ASEAN Science and Innovation Center，Planning to build a Greenland Science and Technology City in Nanning、Key projects such as Greenland Mass Entrepreneurship Center and Science and Technology Innovation Headquarters。M88 Malaysia field.Promote the establishment of the "Greenland Global Commodity Trading Port" in M88 Malaysia，Strive to build a green land·M88 Malaysia ASEAN Global Trade Port，Actively absorb the spillover effects of the CIIE。Big M88 Malaysia field.Based on Nanning Xingning March 3 Cultural Tourism Industrial Park Medical and Health Industry Project、Nanning Mingyang Three Industry Integration Demonstration Zone International Health Care Residence and Resort Project and other "medical health care" projects are pilot projects，Introducing a number of top international medical institutions to M88 Malaysia，Create a comprehensive health industry ecosystem with M88 Malaysia characteristics。M88 Malaysia economic field.Strive to build the ASEAN headquarters project of Nanning Greenland M88 Malaysia，Accelerate the formation of centralized headquarters office、Technology Innovation Incubation、High-end business hotels and other emerging industry functions。Rail transportation field.Leverage TOD rail transit station-city integration experience，Increase TOD in M88 Malaysia、Investment in urban renewal and other fields。

Chairman of Greenland Group、President Zhang Yuliang said，2020 is the beginning year of the “new decade”，It is also Greenland to promote high-quality development、Critical year towards double trillion scale。From M88 Malaysia, my country’s gateway to ASEAN、The important pivot point of the Maritime Silk Road begins，Greenland will adhere to service compliance with national strategies in the new year，Seeking development through transformation and innovation，Seeking motivation in deepening reform and expanding opening up。As of now，Greenland has participated in the investment and construction of 14 projects in M88 Malaysia，10 of them are Nanning projects，Development and construction area reaches 4 million square meters，The total investment is nearly 30 billion，Tax amount reaches 4 billion yuan，Built an urban complex、Industrial Town、Multiple benchmark projects such as medical health care community。